531 16th St Miami Beach FL 33139
531 16th St, FL, 33139Basics
- Lot Size Units: Square Feet
- Category: Commercial Sale
- Type: Multi Family
- Status: Active
- Bathrooms: 0
- Year built: 1947
- MLS ID: A11420681
Description
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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. 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. Favorable land lease structure expiring in 23 years, building is performing at a good cap rate in a strong rental market with upside on rents. Building is well-kept and well-managed. Financials available upon request.
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Property details
- Total Building Area: 10820
- Lot Size Square Feet: 8000
- Parcel Number: 02-32-34-002-0680
- Possession: Closing & Funding
- Lot Size Area: 8000
- Structure Type: Multi Family
Property Features
- Parking Features: On Street
- Covered Spaces: 0
- Waterfront Y/N: 0
Location Details
- County Or Parish: Miami-Dade County
- Zoning Description: 3900
Fees & Taxes
- Tax Annual Amount: 41610
- Tax Legal Description: LINCOLN SUB PB 9-69 LOT 10 BLK 52 A LOT SIZE 50.000 X 160 74R-86189 OR 11769-105 0483 4
Miscellaneous
- Public Survey Township: 2
- Public Survey Section: 34
- Virtual Tour URL: https://www.propertypanorama.com/instaview/mia/A11420681
Ask our real estate expert about this property
This Multi Family-type commercial real estate is located in 531 16th St, FL, 33139 was built in 1947, and is listed at $2,400,000.