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1620 Bay Rd

Miami Beach, FL 33139
  • $3,250,000
  • STATUS: Active
  • ON SITE: 255 Days
  • MLS #: A11401295
UPDATED: 33 min ago
$3,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,338
    SQFT
  • $749
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

This Hotel is licensed for Short-term rental in the heart of South Beach. Completely renovated in Oct 2020 in Prime South Beach location; 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 where the deal lies 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 and bringing in a phenomenal ROI with the current management. All units are sold with the furniture.

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Copyright 2024, 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 2024, 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 2024-02-20T19:51:40.77.
www.villarrealre.com/homes/140439235
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1620 Bay Rd Miami Beach, FL 33139

  • Price: $3,250,000
  • Status: Active
  • On Site: 255 Days
  • Updated: 33 min ago
  • MLS #: A11401295
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,338
SQFT
$749
$/SQFT
1950
Built
Neighborhood:
Lincoln Terrace Sub
County:
Miami-Dade
Area:
Lincoln Terrace Sub
Property Description
This Hotel is licensed for Short-term rental in the heart of South Beach. Completely renovated in Oct 2020 in Prime South Beach location; 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 where the deal lies 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 and bringing in a phenomenal ROI with the current management. All units are sold with the furniture.
Exterior Features

Architectural Style Attached Construction Materials Cbs Construction Exterior Features Open Balcony Lot Features Less Than 1/4 Acre Lot Parking Total 0 Patio And Porch Features Open BalconyPatio 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 Heating YN Yes Stories 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 Horse YN No Listing Terms All CashConventionalExchange New Construction YN No Property Sub Type Quadruplex Public Survey Section 33 Rent Includes Cable Tv Sewer Public Sewer Structure Type QuadruplexFourplex Tax Annual Amount 28892 Tax Year 2022 Type Of Association None Water Source Municipal Water Year Built Details Resale Zoning 4000

Listing courtesy of Triangle Properties, Inc.: .


Copyright 2024, 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 2024, 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 2024-02-20T19:51:40.77.
 
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