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$3,250,000
334 Days Online

1620 Bay Rd
Miami Beach, FL 33139

For Sale|Multi-Family|Active
Subdivision:
Lincoln Terrace Sub
County:
Miami-Dade

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1620 Bay Rd1620 Bay Rd1620 Bay Rd1620 Bay Rd
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This fourplex is licensed for Short-term rental. Completely gutted & renovated in Oct 2020; from Roof to Foundation and 40-year recertification all done in 2021. One block from Lincoln Road Mall and the Intercostal Bay. It currently has an operator with a master lease paying off a net amount to the owner. This is perfect for any would-be investor that understands the intricacies of how to manage a short term. All units have a 2/ 2 layout, brand-new appliances & AC Systems. 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. For would be buyer that has experience in managing airbnb their NOI could be 7.84% at the asking price. All units are sold with the​​‌​​​​‌​​‌‌​‌‌​​​‌‌​​​​​‌​​​​​‌ furniture.

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Listing Snapshot
Price 
$3,250,000
Days Online 
334 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,338 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1950
MLS® Number 
A11401295
Status 
Active
Property Tax 
$28,892
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
11 months agoListing first seen online
General Features
Number Of Stories 
2
Sewer 
Public Sewer
Style 
Fourplex
Water 
Public
Construction 
Block
Parking Spaces 
0
Number of Stories 
2
Zoning 
4000
Property Sub Type 
Quadruplex
Utilities 
Cable Available
Interior Features
Cooling 
Central AirElectric
Heating 
CentralElectric
Flooring 
Tile
Window Features 
Impact Glass
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Exterior Features
Exterior 
BalconyPatioSecurity High Impact Doors
Lot 
Item14 Acre
Roof 
Concrete
Waterfront 
No
Pool Features 
None
Waterfront Property 
No
Patio And Porch 
BalconyOpenPatio
Community Features
MLS Area 
32
Listing courtesy of Triangle Properties, Inc.

The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2024, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. 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. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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