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1620 Bay Rd Miami Beach, FL $ 3,250,000
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$ 3,250,000 Get more info
1620 Bay Rd
$ 3,250,000
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Share Save

1620 Bay Rd

Miami Beach, FL, 33139
$ 3,250,000
Bedrooms8 Baths8.0 Sq 4,338

Monthly Estimate*

$ 22,702

1620 Bay Rd, Miami Beach, FL 33139 - Image 1
1620 Bay Rd, Miami Beach, FL 33139 - Image 2
1620 Bay Rd, Miami Beach, FL 33139 - Image 3
1620 Bay Rd, Miami Beach, FL 33139 - Image 4
1620 Bay Rd, Miami Beach, FL 33139 - Image 5
1620 Bay Rd, Miami Beach, FL 33139 - Image 6
1620 Bay Rd, Miami Beach, FL 33139 - Image 7
1620 Bay Rd, Miami Beach, FL 33139 - Image 8
1620 Bay Rd, Miami Beach, FL 33139 - Image 9
1620 Bay Rd, Miami Beach, FL 33139 - Image 10
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Multi-Family Home for sale in Miami Beach, FL

for $3,250,000 with 8 bedrooms and 8 full baths. This 4,338 square foot home was built in 1950.

This fourplex is licensed for Short-term rental. Completely gutted & renovated in Oct 2020; 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 perfect 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. For would be buyer that has experience in managing airbnb their NOI could be 7.84% at the asking price. All units are sold with the​​‌​​​​‌​​‌‌‌​​‌​​‌‌‌​​‌ furniture.

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Multi-Family Active

Price

$ 3,250,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 28,892

Style

Fourplex

Year Built

1950

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A11401295
Features
General
Sewer PublicSewer
Heating Central Electric
Cooling CentralAir Electric
Utilities CableAvailable
Possession ClosingFunding
Roof Concrete
Exterior Features Balcony Patio SecurityHighImpactDoors
Patio/Porch Features Balcony Open Patio
Architectural Style Fourplex
Pool Features None
Construction Materials Block
Year Built 1950
Stories 2
Levels Two
Property SubType Quadruplex
Tax Year 2022
County Miami-Dade County
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name LINCOLN TERRACE SUB
Garage Y/N N
Rent Includes CableTV
Status Active
City Miami Beach
Buyer Agent Compensation 2.5%
View Y/N N
Senior Community Y/N N
Zoning Description 4000
MLS Area 32
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Bay Rd
Listing Terms Cash Conventional Item1031Exchange
Property Attached Y/N N
Year Built Details Resale
Land Lease Y/N N
Tax Annual Amount 28892.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11401295
Days on Market 313
Standard Status Active
Occupancy Description CallAgent
Property Sub Type Additional Quadruplex
Legal Description LINCOLN TERRACE SUB PB 49-100 LOT 2 LOT SIZE 50.000 X 105 OR 13017-1648 0986 1 COC 24489-3118 04 2006 5
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Interior
Flooring Tile
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features ImpactGlass
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Exterior
Lot Features Item14Acre
Water Source Public
Total Parking 0.0
Spa N
Building Area Total 4338.0
Lot Size Units SquareFeet
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1620
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* Excluded Features
List By
Triangle Properties, Inc.

Broker

daniel@triangleproperties.net

Email

Affordability Calculator

$25,110
Per Month
90%
10%
0%
Monthly Principal & Interest
$22,702
Monthly Property Taxes
$2,408
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/9/2023$3,250,000 Listed Price

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1620 Bay Rd, Miami Beach, FL, 33139 is a Multi-Family Home for sale at $3,250,000 with 4,338 sqft. 1620 Bay Rd has 8 bedrooms, 8.0 baths, and was built in 1950. The property's zip code is 33139 which is in Miami Beach, FL

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