$2,400,000
Unique opportunity to acquire this land lease with excellent income-producing 14-unit multifamily building in the heart of south beach. building offers a healthy unit mix, fully rented, low expenses, quality long-term tenants. located in the heart of south beach and the historic art deco district, ideally situated just steps away from the world famous lincoln road and its promenade of 200+ retail shops, restaurant and cafes. favorable land lease structure expiring in 23 years, building is performing at a good cap rate in a strong rental market with upside on rents. building is well-kept and well-managed. financials available upon request.531 16TH ST, MIAMI BEACH, FL 33139
Income/MultiFamily - for Sale
531 16TH ST, MIAMI BEACH, FL 33139Asking Price$2,400,000
- Lot size 8000sqft
- Taxes $41,610
- Year Built 1947
Description
Similar Properties in this Area
$2,500,000
8500 BYRON AVE, MIAMI BEACH, FL 33141$2,650,000
1910 BIARRITZ DR, MIAMI BEACH, FL 33141$2,699,000
751 EUCLID AVE, MIAMI BEACH, FL 33139$2,800,000
327 JEFFERSON AVE, MIAMI BEACH, FL 33139$3,430,000
960 BIARRITZ DR, MIAMI BEACH, FL 33141$3,600,000
7130 RUE VERSAILLES, MIAMI BEACH, FL 33141$4,100,000
7143 BONITA DR, MIAMI BEACH, FL 33141$4,250,000
1120 EUCLID AVE, MIAMI BEACH, FL 33139$5,000,000
1561 JEFFERSON AVE, MIAMI BEACH, FL 33139$5,700,000
7610 BYRON AVE, MIAMI BEACH, FL 33141$6,800,000
8035 CRESPI BLVD, MIAMI BEACH, FL 33141$7,950,000
2436 FLAMINGO DR, MIAMI BEACH, FL 33140