Costantini VIP Realty

Serving the Miami-Dade, Broward and Palm Beach Counties

 

Property Description

This Hotel licensed Short-term rental in the heart of South Beach.rnrnCompletely 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.rnrnIt 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.rn rnAll units have a 2/ 2 layout, brand new appliances & AC System. 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
: Central, Electric
: Central Air, Electric
: Patio, Open Balcony
: High Impact Doors
: Open Balcony
: Tile
: Less Than 1/4 Acre Lot
: Concrete
: Public Sewer
Address Details
FL
Miami-Dade County
Miami Beach
33139
1620 Bay Rd
LINCOLN TERRACE SUB
0
Other
: Attached
: Cbs Construction
728
: All Cash, Conventional, Fha, Va Loan
4
: Cable Tv
1
2
: Quadruplex, Fourplex
$28,892
2019
: Municipal Water
4000

Residential Income For Sale

LINCOLN TERRACE SUB

1620 Bay Rd, Miami Beach, Florida 33139

4,338 Sqft
$3,250,000
Listing ID #A10984243
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : A10984243
Price : $3,250,000
Square Footage : 4,338 Sqft
Year Built : 1950
Building Area : 4,338 Sqft
Status : Active
Property SubType : Quadruplex
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