Eric Miller
Cell: 954-383-8170
1620 Bay Rd, Miami Beach
$3,250,000
0 Bed
0 Bath
4,338 Sqft
0 Acre
0 Garage
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.
Essential Information
MLS® #A11401295
Price$3,250,000
Bathrooms0.00
Square Footage4,338
Acres0.00
Year Built1950
TypeResidential Income
Sub-TypeQuadruplex
StyleFourplex
StatusActive
Community Information
Address1620 Bay Rd
Area32
SubdivisionLINCOLN TERRACE SUB
CityMiami Beach
CountyMiami-Dade County
StateFL
Zip Code33139-2133
Amenities
UtilitiesCable Available
Interior
InteriorTile
HeatingCentral, Electric
CoolingCentral Air, Electric
# of Stories2
StoriesTwo
Exterior
WindowsImpact Glass
RoofConcrete
ConstructionBlock
Exterior Features
Balcony, Security/High Impact Doors, Patio
Additional Information
Date ListedJune 9th, 2023
Days on Market332
Listing Details
Listing Courtesy ofTriangle Properties, Inc.
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