Skip To Content

1620 Bay Rd

Miami Beach, FL 33139
  • $3,250,000
  • STATUS: Active
  • ON SITE: 327 Days
  • MLS #: A10984243
$3,250,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,338
    SQFT
  • $749
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

THIS PROPERTY IS BOTH APPROVED AND LICENSED TO OPERATE AS A SHORT-TERM RENTAL PROPERTY AS PER THE DBPR. (LEGAL) This Four-Plex is a licensed short-term rental in the heart of South Beach and is a money-making machine! CURRENTLY, ROI is 6.5% (WITH MANAGEMENT) & 8% (WITH NO MANAGEMENT FEES)! Completely renovated in Prime South Beach location; One block from Lincoln Road Mall and the Intercostal Bay. All units have 2 bedrooms and 2 bathrooms layout, brand new appliances & Nest AC System. Downstairs has a stunning patio area and the upstairs units come with a balcony overlooking the bustling streets of South Beach. It is currently fully operational and bringing in a phenomenal ROI.

Monthly Payment Calculator



Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2021-12-08T23:51:57.983.
www.ewm.com/homes/113312354
Print Image

1620 Bay Rd Miami Beach, FL 33139

  • Price: $3,250,000
  • Status: Active
  • On Site: 327 Days
  • MLS #: A10984243
0
Beds
0
Baths
0
½ Baths
0.1
Acres
4,338
SQFT
$749
$/SQFT
1950
Built
Neighborhood:
Lincoln Terrace Sub
County:
Miami-Dade
Area:
Lincoln Terrace Sub
Property Description
THIS PROPERTY IS BOTH APPROVED AND LICENSED TO OPERATE AS A SHORT-TERM RENTAL PROPERTY AS PER THE DBPR. (LEGAL) This Four-Plex is a licensed short-term rental in the heart of South Beach and is a money-making machine! CURRENTLY, ROI is 6.5% (WITH MANAGEMENT) & 8% (WITH NO MANAGEMENT FEES)! Completely renovated in Prime South Beach location; One block from Lincoln Road Mall and the Intercostal Bay. All units have 2 bedrooms and 2 bathrooms layout, brand new appliances & Nest AC System. Downstairs has a stunning patio area and the upstairs units come with a balcony overlooking the bustling streets of South Beach. It is currently fully operational and bringing in a phenomenal ROI.
Exterior Features

Architectural Style Attached Construction Materials Concrete Block ConstructionCbs Construction Exterior Features Open Balcony Lot Features Less Than 1/4 Acre Lot Parking Total 0 Patio And Porch Features Patio Pool Private YN No Roof Concrete View YN No Waterfront YN No

Interior Features

Adjusted Square Footage 3784 Building Area Total 4338 Cooling Central AirElectric Flooring Tile Heating CentralElectric Stories Total 2 Window Features Clear Impact GlassImpact Glass

Property Features

Association YN No Building Name Lincoln Terrace Sub Cooling YN Yes Documents Available Accounting StatementsFinancial StatementOther Available InformationPersonal Property InventoryRent Rolls Heating YN Yes Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN Yes Internet Entire Listing Display YN Yes Listing Terms All CashConventionalFhaVa Loan New Construction YN No Property Sub Type Quadruplex Public Survey Section 33 Rent Includes Cable Tv Senior Community YN No Sewer Public Sewer Structure Type QuadruplexFourplex Tax Annual Amount 28892 Tax Year 2019 Water Source Municipal Water Year Built Details Resale Zoning 4000

Listing courtesy of Triangle Properties, Inc..


Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2021-12-08T23:51:57.983.
 
https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A10984243-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A10984243-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A10984243-2.jpg
Logo
Berkshire Hathaway HomeServices EWM Realty
201 Alhambra Circle #1060
Coral Gables FL, 33134