$3,250,000
For Sale
Browse all 10 photos

Description

THIS PROPERTY IS BOTH APPROVED AND LICENSED TO OPERATE AS A SHORT-TERM RENTAL PROPERTY AS PER THE DBPR. (LEGAL). Ok for Airbnb or any short terms! Hotel licensed short-term rental in the heart of South Beach and is a money-making machine! 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. All units have 2 bedrooms and 2 bathrooms layout, brand new appliances & Nest AC System. 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. Our P&L is not projected! All units are sold with the furniture.
read more

  • Property Details
    • Property
      • Stories:2
      • Lot description:Less Than 1/4 Acre Lot
      • Exterior materials:Open Balcony
    • Measurements
      • Square Feet:4338
  • Construction Details
    • Type & Style
      • Property type:Investment
    • Condition
      • Year built:1950
  • Utilities / Energy Details
    • Utility
      • Sewer information:Public Sewer
      • Utility source:Municipal Water
  • Community and Neighborhood Details
    • Location
      • County:Miami-Dade County
    • Community
      • Subdivision:LINCOLN TERRACE SUB
  • Other
    • Source
      • MLS #:A10984243

Location

Mike MehdipourThe Mehdipour Group
  • Request Info
  • Schedule Showing

Interested in Purchasing 1620 Bay Rd?

Get an estimate on monthly payments on this property.

Note: The results shown are estimates only and do not necessarily include accurate taxes or homeowner's insurance!

$100
Monthly Payment