1620 Bay Rd

West Avenue, Miami Beach, FL 33139

$3,250,000
Other

Property Description

This Hotel licensed 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 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 with the current management. All units are sold with the furniture.
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PROPERTY DETAILS

  • Interior
    4,338 Sq Ft.
  • Property Type
    Other
  • MONTHLY REAL ESTATE TAX
    $2,408
  • Year Built
    1950
  • MLS/Listing ID
    A10984243

Amenities

  • Central Air Conditioning
  • Patio
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BUILDING/PROPERTY DETAILS

  • Air Conditioning
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Listing Courtesy of Triangle Properties, Inc., Daniel Ettedgui - 305-987-7379