6030 SW 40th St Miami, FL 33155 United States

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

Property Description

This Hotel is licensed for Short-term rental in the heart of South Beach. Completely 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. It 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. 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 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 Map
FL
Miami-Dade County
Miami Beach
33139
1620 Bay Rd
LINCOLN TERRACE SUB
0
W81° 51' 22''
N25° 47' 22.9''
LINCOLN TERRACE SUB
Additional Information
: Attached
: Cbs Construction
83
4
: Cable Tv
2
: Quadruplex, Fourplex
$28,892
2022
: Municipal Water
4000

Residential Income For Sale

1620 Bay Rd, Miami Beach, Florida 33139

4,338 Sqft
$3,250,000
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Price : $3,250,000
Square Footage : 4,338 Sqft
Year Built : 1950
Listing Terms : All Cash, Conventional, Exchange
Status : Active
Building Area : 4,338 Sqft
Property SubType : Quadruplex
Agent info
Patricia Calvet
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