531 16th St, Miami Beach FL 33139

531 16th St, Miami Beach, FL, 33139
$1,950,000

Basics

Date added Added 19 hours ago Category Type Status
Lot size, sq ft 8000 sq ft Year built 1947 ListOfficeName Avanti Way Commercial ListAOR Miami Association of REALTORS®
MLS ID A11734941

Description

  • Description:

    Unique opportunity to acquire this Land Lease with excellent income-producing 14-unit multifamily building in the heart of South Beach. Building offers a healthy unit mix, fully rented, low expenses, quality long-term tenants. Favorable land lease structure expiring in 21 years, low fixed annual lease payment for the entirety of the lease term with no escalations! NEW ROOF! Completed December 2024. Great cap rate in a strong rental market with upside on rents, financing opportunities available. Located in the heart of South Beach and the historic Art Deco District, ideally situated just steps away from the world-famous Lincoln Road and its promenade of 200+ retail shops, restaurant and cafes. Building is well-kept and well-managed. Financials available upon request.

Location

  • CountyOrParish: Miami-Dade County

Building Details

Amenities & Features

  • Waterfront available: No
  • GarageYN: No
  • AttachedGarageYN: No
  • CoolingYN: No
  • PoolPrivateYN: No
  • FireplaceYN: No

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This style property is located in Miami Beach is currently and has been listed on Igor Presman Commercial Real Estate. This property is listed at $1,950,000. It has bedrooms, bathrooms, and is . The property was built in 1947 year.

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