531 16th St

Miami Beach, FL 33139

$2,400,000

531 16th St

Miami Beach, FL 33139

$2,400,000

  • Property TypeMulti-Family
  • Sq Ft10,820
  • NeighbourhoodSouth Beach
  • Year Built1947
  • Parking SpotsOn Street
  • MLS #A11420681

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.

Interior

  • General Interior Hall, Lobby, Built-in Features, Custom Mirrors, Fire Sprinklers, Entrance Foyer, Pantry, Split Bedroom, Walk- In Closet(s), Storage
  • Appliances Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Flooring Marble
  • A/Ctrue, Central Air, Electric
  • Heatingtrue, Central, Electric
  • Eco/Green Feature Appliances
  • Laundry Utility Room/ Laundry
  • Disability Feature Handicap Access

Exterior

  • General East Of Us1, Barbeque, Courtyard, Open Balcony
  • Parking On Street
  • Style Corner Unit
  • Pool In Ground

Construction

  • Windows Clear Impact Glass, Complete Impact Glass, Blinds
  • General2
  • Roofing Flat Tile, Curved/ S- Tile Roof

Location

  • HOAYes
  • HOA Amenities Barbecue, Bike Storage, Bike/ Jog Path, Billiard Room, Business Center, Cabana, Exercise Room, Storage, Heated Pool, Kitchen Facilities, Private Beach Pavilion, Sauna, Spa/ Hot Tub, $0 Monthly
  • Originating MLS Miami Association of R E A L T O R Su00ae
  • County Miami- Dade County

Lot

  • Zoning3900, L I N C O L N S U B P B 9-69 L O T 10 B L K 52 A L O T S I Z E 50.000 X 160 74 R-86189 O R 11769-105 0483 4, 02-32-34-002-0680
  • View Ocean View
  • Current Use Multi- Family, Check Land Use Plan, Other Usage
  • Fencing Fenced

Financial

  • Source Miami Association of R E A L T O R Su00ae, Miami Association of R E A L T O R Su00ae

Utilities

  • Utilities Circuit Breakers
  • Sewer Public Sewer
  • Water Municipal Water

Schools

  • DistrictDade County School District

Location

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