1620 Bay Rd, Miami Beach, 33139

  • $3,250,000

Listing UP for Sale

Miami Beach

Overview

Property ID: A11401295
  • Property Type
  • Quadruplex
  • 4338
  • sqft
  • 1950
  • Year Built

Description

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.

  • Address 1620 Bay Rd
  • City Miami Beach
  • State/county Florida
  • Zip/Postal Code 33139
  • Area Miami-dade County
  • Country United States

Details

Updated on April 18, 2024 at 10:43 am
  • Property ID: A11401295
  • Price: $3,250,000
  • Property Size: 4338 sqft
  • Year Built: 1950
  • Property Type: Quadruplex
  • Property Status: Listing UP for Sale

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Daniel Ettedgui
  • Daniel Ettedgui