About 1620 Bay Rd
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.
Features of 1620 Bay Rd
| MLS® # | A11401295 |
|---|---|
| Price | $3,250,000 |
| Square Footage | 4,338 |
| Year Built | 1950 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Fourplex |
| Status | Active |
Community Information
| Address | 1620 Bay Rd |
|---|---|
| Area | 32 |
| Subdivision | LINCOLN TERRACE SUB |
| City | Miami Beach |
| County | Miami-Dade County |
| State | FL |
| Zip Code | 33139-2133 |
Amenities
| Utilities | Cable Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Flooring | Tile |
|---|---|
| Heating | Central, Electric |
| Cooling | Central Air, Electric |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior Features | Balcony, Security/High Impact Doors, Patio |
|---|---|
| Windows | Impact Glass |
| Roof | Concrete |
| Construction | Block |
| Lot Features | < 1/4 Acre |
| Sewer | Public Sewer |
Additional Information
| Date Listed | June 9th, 2023 |
|---|---|
| Days on Market | 334 |
| Zoning Description | 4000 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Rent Includes | CableTV |
| Year Built Details | Resale |
| Tax Annual Amount | $28,892 |
| Tax Year | 2022 |
| Buyer Agent Compensation | 2.5% |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $20,000 |
| Features | Parking:On-Street, Air Conditioning Unit, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Patio/Porch |
| Furnished | Furnished |
Listing Details
| Office | Triangle Properties, Inc. |
|---|