Prime South Beach Development Opportunity! Miami Beach. Private Bay-access street steps to Lincoln Road. Income-producing 4-plex with immediate cash flow + major redevelopment potential. Zoned RM-2: Build up to 60 ft (6 stories), 2.0 FAR, approx. 10,000 sq ft buildable area, up to 10 units. Permitted uses: luxury multifamily, townhomes, boutique hotel, or short-term rentals (with BTR). Features (2) 2BR/2BA & (2) 2BR/1BA units, hurricane-impact windows/doors, upgraded electrical, new PVC pipes, balconies/porches, 4 parking spaces. Fully leased with long-term tenants. Well-maintained, no repairs needed. The street does not flood. Proof of funds + NDA required. Do not disturb tenants.
Property Details
Price:
$2,875,000
MLS #:
A11659446
Status:
Active
Beds:
0
Baths:
0
Address:
1420 16th St
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
BAY LINCOLN
Neighborhood:
Bay Lincoln
City:
Miami Beach
Listed Date:
Sep 15, 2024
State:
FL
Finished Sq Ft:
4,460
Total Sq Ft:
4,460
ZIP:
33139
Year Built:
1955
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Flooring
Tile, Wood
Heating
Electric
Exterior
Architectural Style
Attached
Construction Materials
C B S Construction
Parking Spots
4
Roof
Flat Tile
Financial
Tax Year
2023
Taxes
$26,840
Map
Community
- Address1420 16th St Miami Beach FL
- SubdivisionBAY LINCOLN
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33139
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