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Lincoln Terrace Sub

$3,250,000

1620 Bay Rd, Miami Beach, FL 33139

Active
Last Updated: 10/22/2024

4,338 sqft

Building Size

1

Units

Details:
Building Size:    4,338 sqft
Units:    1
Year Built:    1950
Floors:    2
Gross Leaseable Area:    4,338
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Accounting Statements, Financial Statement, Other Available Information, Personal Property Inventory, Rent Rolls
  • Architectural Style: Attached
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Flooring: Tile
  • Construction Materials: CBS Construction
Description:

THIS PROPERTY IS APPROVED AND LICENSED TO OPERATE AS A SHORT TERM RENTAL UNDER THE DBPR. (LEGAL)

This 2 bed 2 bath Four-Plex located right in the heart of South Beach has years of history being rented on AirBnB & managed by a third party management company.

The whole building was gutted & Completely renovated recently; It is conveniently located One block from Lincoln Road Mall and the Intercoastal Bay. All units have a 2-bedroom, 2-bathroom layout, new appliances, and air conditioning system, laundry in all units. All properties come furnished and with smart home systems. It is currently fully operational and provides a phenomenal NOI, specially for owner management/self managed.

For NOI and more information please text listing agent.

Map:
Location
Gallery