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LINCOLN TERRACE SUB - 1620 Bay Rd, Miami Beach FL 33139

Ref.A10984243

Price
$ 3,250,000
bedrooms
NA
bathrooms
NA
half bathrooms
NA
Living area
4,338 sqft
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.
Living area
4,338 sqft

advert courtesy of
Triangle Properties, Inc.
building year
1950

building floors number
2

building name
LINCOLN TERRACE SUB

building ownership
Condo
Price
$ 3,250,000

real estate taxes (yearly)
$ 28,892
All information furnished herein are from sources deemed reliables. No offer is made by Wire Consulting Italia srl nor rapresentation is any to be implied as to the accuracy thereof. All information are accurated but subject to errors, omissions, change of sale condition or lease, or withdrawal without any notice. Listings information are provided by third parties for consumer personal consideration and no commercial use, solely for consideration of potential purchase or lease; all other use is strictly prohibited and may violate relevant laws. All dimensions are approximate.

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