This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/10
1620 Bay Rd, Miami Beach, FL 33139
$3,250,000
1620 Bay Rd, Miami Beach, FL 33139View this property at 1620 Bay Rd, Miami Beach, FL 33139
1620 Bay RdMiami BeachFL33139
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/10
Property Description
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.
Full Property Details
Full Property Details for 1620 Bay Rd
General
- Price: $3,250,000
- Taxes: $28,892 (2022)
- Status: Active
- Type: Multi-Family
- MLS ID: A11401295
- Updated: 4/17/2024
- Added to Site: 351 day(s) ago
Rental Information
- Rent Includes: Cable TV
Interior
- Flooring: Tile
Exterior
- Exterior Features: Open Balcony
- Deck/Patio: Open Balcony, Patio
Location
- Area: Lincoln Terrace Sub
- County: Miami-Dade County
- Subdivision: LINCOLN TERRACE SUB
- Building Name: LINCOLN TERRACE SUB
Community
- Community Name: Lincoln Terrace Sub
- Units Assoc/Comm: 1
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Attached
- Structure Type: Quadruplex, Fourplex
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Concrete
- Windows: Clear Impact Glass, Impact Glass
- Doors: High Impact Doors
- Stories/Levels: 2
- Building Size: 4338
- Square Feet: 4,338
- Living Area: 4,338 Sq. Ft.
- Year Built: 1950
Unit Information
- Units in Complex: 1
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: 4000
Financial Considerations
- Price Per Sq. Ft.: $749.19
- Tax Amount: $28,892
- Tax Year: 2022
- Terms: All Cash, Conventional, Exchange
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Documents Avail.: Accounting Statements, Financial Statement, Other Available Information, Personal Property Inventory, Rent Rolls
- 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
- Property ID: 02-32-33-008-0020
Listed by Triangle Properties, Inc.
Get Pre-Approved Today
Schools
Schools serving 1620 Bay Rd
School District:Miami-Dade County School District
Rating | Name | Grades | Distance |
---|---|---|---|
1420 Washington Ave, Miami Beach, FL 33139 | PK-8 | 0.8 mi | |
12829 Sw 272nd St, Homestead, FL 33032 | PK-8 | 24.7 mi | |
4301 N Michigan Ave, Miami Beach, FL 33140 | 6-8 | 1.8 mi | |
2231 Prairie Ave, Miami Beach, FL 33139 | 9-12 | 0.9 mi | |
Robert Morgan Educational Center and Technical College
18180 Sw 122 Avenue, Miami, FL 33177 | 9-12 | 20.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1620 Bay Rd
Date
Details
Price
Change
Source
6/09/2023
Listed
$3,250,000
132.14%
MLS
10/16/2014
Sold
$1,400,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1620 Bay Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$33,236
12%
$1,824,559
18%
2021
$29,759
1%
$1,541,268
-2%
2022
$29,426
-1%
$1,566,128
5%
2021
$29,759
7%
$1,492,370
4%
2019
$27,777
-4%
$1,433,398
-7%
2018
$28,991
2%
$1,541,724
3%
2017
$28,452
3%
$1,494,114
9%
2016
$27,530
11%
$1,375,803
10%
2015
$24,780
63%
$1,250,730
59%
2014
$15,204
2%
$788,505
2%
2013
$14,971
—
$770,240
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1620 Bay Rd
1620 Bay Rd, Miami Beach, FL 33139 (MLS# A11401295) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1620 Bay Rd is currently listed for $3,250,000 and was received on June 09, 2023. Want to learn more about 1620 Bay Rd? Do you have questions about finding other Multi-Family real estate for sale in West Avenue? You can browse all West Avenue real estate or contact a Coldwell Banker agent to request more information.