Basic Information

  • MLS # A11401295
  • Type Duplex / Quad Plex / Triplex
  • Style Quadruplex
  • Status Active
  • Subdivision/Complex Lincoln Terrace Sub
  • Year Built 1950
  • Total Sqft 4,338
  • Date Listed 06/09/2023
  • Days on Market 323
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.

Exterior Features

  • Waterfront No
  • Pool No
  • Construction Type Block
  • Design Description Fourplex
  • Exterior Features Balcony, Patio, SecurityHigh Impact Doors
  • Parking Spaces 0
  • Parking Description
  • Roof Description Concrete

Interior Features

  • Adjusted Sqft 4,338
  • Cooling Description Central Air,Electric
  • Floor Description Tile
  • Heating Description Central,Electric
  • Sqft 4,338

Property Features

  • Address 1620 Bay Rd
  • Aprox. Lot Size 4,338
  • Architectural Style Fourplex
  • City Miami Beach
  • Construction Materials Block
  • County Miami-Dade County
  • Furnished Info No
  • Levels Two
  • Listing Terms Cash,Conventional,1031 Exchange
  • Lot Description 14 Acre
  • Lot Features 14 Acre
  • Occupant Type Call Agent
  • Patio And Porch Features Balcony,Open,Patio
  • Pool Features None
  • Possession Closing Funding
  • Postal City Miami Beach
  • Public Survey Section Two
  • Public Survey Township 2
  • Roof Concrete
  • Sewer Description Public Sewer
  • Short Sale Regular Sale
  • Stories 2
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Lincoln Terrace Sub
  • Tax Amount $28,892
  • Tax Information LINCOLN TERRACE SUB PB 49-100 LOT 2 LOT SIZE 50.000 X 105 OR 13017-1648 0986 1 COC 24489-3118 04 2006 5
  • Tax Year 2022
  • Terms Considered Cash,Conventional,1031 Exchange
  • Type of Property Quadruplex
  • Water Source Public
  • Window Features Impact Glass
  • Year Built Details Resale

1620 Bay Rd

Miami Beach, FL 33139

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Triangle Properties, Inc.. tel: 305-532-7778

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