Miami Beach, FL 33139 531 16th St
$1,700,000
21 more
Presented By: This listing is courtesy of Avanti Way Commercial
Beds • 14
Baths • 14
SQFT • 10,820
Home Details
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 20 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.
Presented By: This listing is courtesy of Avanti Way Commercial
Interior Features for 531 16th St
Bedrooms
Total Bedrooms14
Bathrooms
Total Baths
General for 531 16th St
CityMiami Beach
CountyMiami-Dade
Full Baths14
Legal DescriptionLINCOLN SUB PB 9-69 LOT 10 BLK 52 A LOT SIZE 50.000 X 160 74R-86189 OR 11769-105 0483 4
LevelsTwo
Listing TermsCash, Conventional
Lot Size Square Feet8000
Lot Size UnitsSquare Feet
MLS Area32
Number Of Units Total14
Occupancy TypeTenant
PossessionClosing & Funding
PostalCityMiami Beach
Property Sub Type AdditionalMulti Family
Property SubtypeMulti Family
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Stories Count2
Structure TypeMulti Family
Virtual TourClick here
Year Built1947
Zoning Description3900
Exterior for 531 16th St
Building Area Total10820
Covered Spaces
Lot Size Area8000
Parking FeaturesOn Street
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Keila Piluso
Realtor®
