1610 Bay Rd, Miami Beach, FL, 33139
1950
Fourplex
1610 Bay Rd, a 4-unit apartment building currently operating as a short-term rental. Located in the heart of South Beach’s vibrant waterfront corridor, 1610 Bay Rd is well positioned within one of Miami Beach’s most sought after sub-markets. Bay Rd runs parallel to the western-point of South Beach, positioning the asset steps away from Biscayne Bay, Lincoln Road, and Sunset Harbor. Built in 1950, the property sits on a lot approximately0.12 acres zoned medium intensity RM-2. All four units currently operate as short-term rentals and consist of fully-furnished 2 bedroom & 1 bath apartments with on-site laundry for guests. A future investor would receive a turnkey short-term rental asset within Miami’s leading destination for tourism. Additionally, 1610 Bay Rd’s attractive unit size and premier location offers a strong rental market as a traditional multi-family asset. With comparable rates in the area ranging from $3.50-$4.00 per Sq Ft, an investor has the unique opportunity to continue operations as a short-term rental, combine long-term and short-term use, or fully convert the property into long-term apartments.
Status:
Active
Type:
Multi-family
Zoning:
4000
Subdivision:
LINCOLN TERRACE
Heating:
Wall Furnace
Cooling:
Wall/Window Unit(s)
Est. Taxes:
$29,566
Construction
Block
Utilities
Cable Available
Lot Description:
Item14Acre
Days on Market:
25
Pool:
None
MLS #:
A11952743
Community Info
School Info
Walk Score
Yelp
Listing courtesy of Landy Toledo LLC 786-522-7138