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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.

Features
Patio, Open Balcony
Address Map
FL
Miami-Dade County
Miami Beach
33139
1620 Bay Rd
LINCOLN TERRACE SUB
W81° 51' 22''
N25° 47' 22.9''
LINCOLN TERRACE SUB
MLS Addon
Attached
All Cash, Conventional, Exchange
1
4
Cable Tv
2
Quadruplex, Fourplex
$28,892
2022
Click Here
Municipal Water
4000
1
09/06/2023 17:54:42

1620 Bay Rd, Miami Beach, Florida 33139

$3,250,000
4,338 size sq.ft.
Listing ID #A11401295
Basic Details
Property Type Residential Income
Listing Type For Sale
Listing ID A11401295
Price $3,250,000
Square Footage 4,338 Sqft
Year Built 1950
Days on Market 0
Building Area 4,338 Sqft
Status Active
Property SubType Quadruplex
On Market Date 09/06/2023
Elena Beck
MiamiInvestrealty
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