loading...
CALL: +1 786-468-4380
1620 Bay Rd, Miami Beach
#MLS: A11401295
$ 3 250 000
Listing date06/09/2023
CityMiami Beach, FL 33139
Address1620 Bay Rd
Area3784 sqft
Tax/year$ 28 892
Built year1950

This fabulous Quadruplex is located at 1620 Bay Rd, Miami Beach FL 33139, in the desirable Lincoln Terrace Subdivision. Offering an incredible opportunity for investors, this property is licensed for short-term rentals and is situated in the heart of South Beach.

Completely renovated in October 2020, this property has been transformed from the roof to the foundation, with a 40-year recertification completed in 2021. Its prime location puts it just one block away from the famous Lincoln Road Mall and the beautiful Intercostal Bay, offering residents and visitors easy access to shopping, dining, and waterfront activities.

Featuring a total of four units, each with a spacious 2-bedroom, 2-bathroom layout, this property presents a great income potential. All units have been meticulously upgraded with brand-new appliances and AC systems, ensuring the utmost comfort for tenants.

The ground floor boasts a stunning patio area, perfect for relaxing and soaking up the vibrant atmosphere of South Beach. Upstairs units offer a balcony overlooking the bustling streets, allowing residents to enjoy the energy and excitement of the city.

A major benefit of living in Miami Beach is the central cooling and heating systems found in this property. With central air and electric cooling and central electric heating, residents can maintain a comfortable living environment regardless of the outside temperature.

The exterior of the building boasts an open balcony, adding to the charm and desirability of this property. The attached architectural style further enhances its attractiveness and ensures seamless integration with the surrounding neighborhood.

Not only does this property provide a fantastic investment opportunity, but it also comes fully operational and generating a phenomenal return on investment with its current management. Additionally, all units will be sold with the furniture, allowing for a seamless transition for buyers and an immediate income-generating asset.

Don't miss out on this extraordinary chance to own a piece of Miami Beach real estate. With its prime location, modern upgrades, and excellent income potential, this Quadruplex at 1620 Bay Rd is a must-see for savvy investors looking to make their mark in the thriving South Beach market.

1620 Bay Rd Miami Beach, FL 33139 quadruplex house for sale with MLS A11401295 located in LINCOLN TERRACE SUB. If you want to buy Quadruplex - 1620 Bay Rd Miami Beach, FL 33139, call today!
Similar listings