| 1620 Bay Rd Miami Beach, FL 33139 |
| Listed Date YYYY/MM/DD:2023-06-09 | ID: 1011401295 |
| Price: $3,250,000 | County: Miami-Dade County |
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| Area: 32 | Square Footage: |
| Property Tax: $28,892.00 | Water Supply: Municipal Water |
| Sewer Description: Municipal Sewer | Zoning Information:4000 |
| Folio Number: 02-32-33-008-0020 |
| Number of Units: | Year Built: 1950 |
| Number of Parking Spaces:0 |
| Lot Description: Less Than 1/4 Acre Lot |
| Year Built Description: Resale | Gross Rent Income: $ |
| Net Operating Income: $ | Number of Stories: 2.0000 |
| Tax Year: 2022 | Tax Information:Tax Reflects No Exemptions |
| 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 |
| 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. |
