Miami Beach, FL 33139,1610 Bay Rd
Miami Beach, FL 33139,1610 Bay Rd
Miami Beach, FL 33139,1610 Bay Rd
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Maria Kunigonis

Maria Kunigonis

+1(305) 300-8164
$2,400,000
Est. payment /mo
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Lincoln Terrace

MLS Listing ID A11952743

Style Fourplex

HOA Y/N No

Year Built 1950

Annual Tax Amount $29,566

Tax Year 2025

Property Sub-Type Quadruplex

Property Description

1610 Bay Rd, a 4-unit apartment building currently operating as a short-term rental. Located in the heart of South Beach's vibrant waterfront corridor, 1610 Bay Rd is well positioned within one of Miami Beach's most sought after sub-markets. Bay Rd runs parallel to the western-point of South Beach, positioning the asset steps away from Biscayne Bay, Lincoln Road, and Sunset Harbor. Built in 1950, the property sits on a lot approximately0.12 acres zoned medium intensity RM-2. All four units currently operate as short-term rentals and consist of fully-furnished 2 bedroom & 1 bath apartments with on-site laundry for guests. A future investor would receive a turnkey short-term rental asset within Miami's leading destination for tourism. Additionally, 1610 Bay Rd's attractive unit size and premier location offers a strong rental market as a traditional multi-family asset. With comparable rates in the area ranging from $3.50-$4.00 per Sq Ft, an investor has the unique opportunity to continue operations as a short-term rental, combine long-term and short-term use, or fully convert the property into long-term apartments.

Location

State FL

County Miami-dade

Community Lincoln Terrace

Area 32

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate

Exterior

Pool None

Utilities Available Cable Available

Roof Type Concrete

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Water Public

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Others

Tax ID 02-32-33-008-0120

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11952743

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Landy Toledo LLC

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Maria Kunigonis

Maria Kunigonis

+1(305) 300-8164

Broker Associate | BK3327478

Broker Associate BK3327478

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1610 Bay Rd