Property 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 22 years, low fixed annual lease payment for the entirety of the lease term with no escalations! NEW ROOF being installed prior to closing! 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.

Features
: On Street
Address Map
US
FL
Miami-Dade County
Miami Beach
33139
16th St
531
0
W81° 51' 58.5''
N25° 47' 21.3''
Additional Info
Avanti Way Commercial
Fernando Arencibia JR.
3573628
AVCM01
2
$41,610
32

For Sale

531 16th St, Miami Beach, Florida 33139

0 Bedrooms
0 Bathrooms
0 Sqft
$2,400,000
Listing ID #A11420681
Basic Details
Property Type : Commercial Sale
PropertySubType : Multi Family
Listing Type : For Sale
Listing ID : A11420681
Price : $2,400,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1947
Status : Active
Contact Agent

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