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Active
$1,700,000
531 16th St, Miami Beach FL 33139
📍 Miami Beach, FL, 33139
🏗1947Año constr.

Descripción

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.

Detalles de la propiedad

Tipo / Type Commercial Sale
Subtipo / Subtype Income/MultiFamily
Estado / Status Active
Condado / County Miami-Dade County
Código postal / ZIP 33139
Año construido / Year built 1947
Listing Key 4ae3e893410b4fc482fb78d284446863

Ubicación

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