INVESTMENT OPPORTUNITY for an investor, owner-operator or development opportunity: Airbnb compliant 4-plex building located on a quiet cul-de-sac next to Biscayne Bay. Walking distance to Lincoln Road restaurants and retail shops in South Beach. The building has (4) updated 2 bedrooms 2 bath apartments currently owner-occupied and earning income on Airbnb. The building has no HOA, allowing a rental income opportunity through short term or long term lease options. All new PGT impact windows and doors recently installed along with new high-efficiency split air conditioner systems in two of the four units. The property next door is also available for sale MLS #A10768644 for a combined income of 8 units or for a new development site. Sold together or individually.
- Address 1440 16th St
- City Miami Beach
- County Miami-Dade County
- Zip 33139
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Price
$1,895,000
($440 / SqFt) - Status Closed
- Subdivision Bay Lincoln
- Pets Allowed No
- MLS® # A10769182
- Property Type Residential Income
- Property Sub TypeQuadruplex
- Status Closed
- Square Feet 4,305
- Year Built 1955
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $22,985
- Tax Year 2018