Basic Information

  • MLS # A11659446
  • Type Duplex / Quad Plex / Triplex
  • Style Quadruplex
  • Status Active
  • Subdivision/Complex Bay Lincoln
  • Year Built 1955
  • Total Sqft 4,460
  • Date Listed 09/15/2024
  • Days on Market 228
Description

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.

Exterior Features

  • Waterfront No
  • Pool No
  • Construction Type Block
  • Design Description Fourplex
  • Parking Spaces 0
  • Parking Description
  • Roof Description Flat, Tile

Interior Features

  • Adjusted Sqft 4,460
  • Cooling Description Wall Window Units
  • Floor Description Hardwood, Tile, Wood
  • Heating Description Electric
  • Sqft 4,460

Property Features

  • Address 142016th St
  • Aprox. Lot Size 4,460
  • Architectural Style Fourplex
  • City Miami Beach
  • Construction Materials Block
  • County Miami- Dade
  • Furnished Info No
  • Levels Two
  • Listing Terms Cash, Conventional
  • Lot Description Less Than Quarter Acre
  • Lot Features Less Than Quarter Acre
  • Occupant Type Tenant
  • Pool Features None
  • Possession Close Of Escrow
  • Postal City Miami Beach
  • Public Survey Section Two
  • Public Survey Township 2
  • Roof Flat, Tile
  • Sewer Description Public Sewer
  • Short Sale Regular Sale
  • Stories 2
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Bay Lincoln
  • Tax Amount $26,840
  • Tax Information B A Y L L I N C O L N P B58-86 L O T13 L O T S I Z E50.00 X100.00 O R16654-129601954
  • Tax Year 2023
  • Terms Considered Cash, Conventional
  • Type of Property Quadruplex
  • Year Built Details Resale

1420 16th St

Miami Beach, FL 33139

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Lifestyle International Realty. tel: 305-809-8085

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