Basic Information
- MLS # A11734941
- Type Multi Family
- Status Active
- Year Built 1947
- Total Sqft 8,000
- Date Listed 02/04/2025
- Days on Market 93
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 21 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.
Amenities
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Parking Description On Street
- Style Multi Family
Interior Features
- Adjusted Sqft 8,000Sq.Ft
- Sqft 8,000 Sq.Ft
Property Features
- Address 531 16th St
- Aprox. Lot Size 8,000
- City Miami Beach
- County Miami- Dade
- Furnished Info no
- Levels Two
- Listing Terms Cash, Conventional
- Occupant Type Tenant
- Parking Features On Street
- Postal City Miami Beach
- Public Survey Section Two
- Public Survey Township 2
- Stories 2
- Subdivision Complex
- Subdivision Info
- Tax Amount $45,919
- Tax Legal desc L I N C O L N S U B P B9-69 L O T10 B L K52 A L O T S I Z E50.000 X16074 R-86189 O R11769-10504834
- Tax Year 0
- Terms Considered Cash, Conventional
- Type of Property Multi Family
531 16th St
Miami Beach, FL 33139Similar Properties For Sale
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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Avanti Way Commercial. tel: 786-512-3745
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