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The Zen Condo

$2,895,000

1622 Bay Rd, Miami Beach, FL 33139

Active
Last Updated: 06/04/2025

4

Units

1950

Year Built

Details:
Units:    4
Year Built:    1950
Floors:    2
Parking Spots:    4
Gross Leaseable Area:    4,042
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Financial Statement, Copy Of Lease(S), Other Available Information, Rent Rolls
  • Architectural Style: Other
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Tile
  • Construction Materials: CBS Construction
Description:

Zoned for short term leasing! This wonderful 4-plex sits in one of South Beach’s most convenient locations, just a few blocks from Sunset Harbour and Lincoln Road. The building was fully renovated in 2005 and has had continual updates. Four parking spaces, fully gated, security lighting, central AC. Consisting of two 3bd/2ba and two 2 bd/1ba. One of the two bedrooms has a newly rebuilt outdoor deck. Recertification completed in 2020. Currently being leased on long terms basis ready for smart investor to come in and manage to best use. Great Opportunity! Additional docs attached.

Map:
Document

Today's Available Mortgage Rates

6900 NE 2nd Ave, Miami, Florida 33138

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 05/31/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$8,986 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 56% LTV $0 Lender fees
Loan Amount $1,400,000 Loan Amount
Details
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$8,935 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $1,375,000 Loan Amount
Details
Bank*Lender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$9,020 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $1,375,000 Loan Amount
Details
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CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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