6030 SW 40th St Miami, FL 33155 United States

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Mon-Friday, 9am-6pm Closed Saturdays and Sundays

Property Description

Unique opportunity to acquire this Land Lease with excellent income-producing 14-unit multifamily building in the heart of South Beach. Building offers a healthy unit mix, fully rented, low expenses, quality long-term tenants. Located in the heart of South Beach and the historic Art Deco District, ideally situated just steps away from the world famous Lincoln Road and its promenade of 200+ retail shops, restaurant and cafes. Favorable land lease structure expiring in 23 years, building is performing at a good cap rate in a strong rental market with upside on rents. Building is well-kept and well-managed. Financials available upon request.

Features
: On Street
Address Map
FL
Miami-Dade County
Miami Beach
33139
531 16th St
0
W81° 51' 58.4''
N25° 47' 21.1''
Additional Information
185
: Sale
2
$41,610
3900

Commercial Sale For Sale

531 16th St, Miami Beach, Florida 33139

8,000 Acre
$2,400,000
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $2,400,000
Year Built : 1947
Listing Terms : Cash, Conventional/refinance
Lot Area : 8,000 Acre
Status : Active
Building Area : 10,820 Sqft
Property SubType : Income/multifamily
Agent info
Patricia Calvet
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