1620 Bay Road

Miami Beach, FL 33139

$3,250,000
Price
Beds
4,338 Sq. Ft.
$749 / Sq. Ft.
4,338
Sq. Ft.
$749
per Sq. Ft.

Description

This fourplex is licensed for Short-term rental. Completely gutted & renovated in Oct 2020; from Roof to Foundation and 40-year recertification all done in 2021. One block from Lincoln Road Mall and the Intercostal Bay. It currently has an operator with a master lease paying off a net amount to the owner. This is perfect for any would-be investor that understands the intricacies of how to manage a short term. All units have a 2/ 2 layout, brand-new appliances & AC Systems. Downstairs has a stunning...This fourplex is licensed for Short-term rental. Completely gutted & renovated in Oct 2020; from Roof to Foundation and 40-year recertification all done in 2021. One block from Lincoln Road Mall and the Intercostal Bay. It currently has an operator with a master lease paying off a net amount to the owner. This is perfect for any would-be investor that understands the intricacies of how to manage a short term. All units have a 2/ 2 layout, brand-new appliances & AC Systems. Downstairs has a stunning patio area and the upstairs units come with a balcony overlooking the bustling streets of South Beach. It is currently fully operational. For would be buyer that has experience in managing airbnb their NOI could be 7.84% at the asking price. All units are sold with the furniture.
  1. Listed by Daniel Ettedgui • Triangle Properties, Inc.

Property Details for 1620 Bay Road

Subdivision
LINCOLN TERRACE SUB
Style
Fourplex
Waterfront
No
Area
32
Auction
No
Total Units
4
Num Stories
2
Sq Ft Total
4338

Location

Listing Courtesy of Triangle Properties, Inc.
Add your commute
LISTING UPDATED: 04/17/2024 01:20 PM

Property Details for 1620 Bay Road

StatusActive
MLS #A11401295
Days on Market325
Taxes$28,892 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income / Fourplex
Year Built1950
Lot Size-
CountyMiami-Dade County

Building

1620 Bay Rd

2 StoriesBuilt in 1950

Location

Listing Courtesy of Triangle Properties, Inc.
Add your commute

Building Information for 1620 Bay Road

Stories2Residences-Year Built1950Building Size-Lot Size-

Payment Calculator

$20,144 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,737

Property Taxes

$2,408

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1620 Bay Road

Location Information
Location Information
  • Parcel Number Free Text: 02-32-33-008-0020
  • Parcel Number MLX: 0020
  • MLS Area: 32
  • Municipal Code: 2
  • Township Range: 32
  • Section: 33
  • Subdivision Number: 8
  • Subdivision Complex Bldg: LINCOLN TERRACE SUB
  • Unit Count: 1
  • Zoning Information: 4000
General Information
Parking
  • Num Parking Spaces: 0
General Information
  • Property Type Information: Attached
  • Lot Description: Less Than 1/4 Acre Lot
  • Pool: No
  • Construction: Concrete Block Construction, CBS Construction
  • Construction Type: Concrete Block Construction, CBS Construction
  • Roof Description: Concrete Roof
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
Additional Property Information
Utilities
  • Heating Description: Central Heat, Electric Heat
  • Cooling Description: Central Cooling, Electric Cooling
  • Water Description: Municipal Water
  • Sewer Description: Municipal Sewer
  • Separate Meter: Yes
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Cable Tv
  • Windows Treatment: Impact Glass
  • Exterior Features: High Impact Doors, Open Balcony, Patio
  • Storm Protection: Clear Impact Glass, High Impact Door
Financial Information
Financial Information
  • Total Mortgage: $937,500
  • Type of Association: None
  • Flood Zone: AE
  • Tax Year: 2022
  • Tax Information: Tax Reflects No Exemptions
  • Information Available: Accounting Statements, Financial Statement, Other Available Information, Personal Property Inventory, Rent Rolls

Property History for 1620 Bay Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1620 Bay Road

Taxable ValueLand$1,575,000Additions$249,559Total$1,824,559
Tax Record2023$33,236 ($2,770 / month)
Home Facts
Total Finished SqFt4,338 SqFtAbove Grade Finished SqFt4,338 SqFtStories2Lot Size5,250 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950Year Renovated1980Zoning4000:MULTI-FACountyMIAMI-DADEAPN02-3233-008-0020

Schools near 1620 Bay Road

This home is within Miami-Dade.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Fienberg/Fisher K-8 Center
PublicPK to 8

Nautilus Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1620 Bay Road is a multi-family home for sale in Miami Beach, FL 33139. This property was listed for sale on June 9, 2023 by Triangle Properties, Inc., it's currently listed at $3,250,000. It has been on the market for a total of 325 days and was last sold on October 16, 2014. This listing's school district is Miami-Dade. Nearby schools include Air Base K-8 Center for International Education, Fienberg/Fisher K-8 Center and Nautilus Middle School. 1620 Bay Road is a 0-bed, 0-bath, 4,338 sqft multi-family home built in 1950.

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Listing Courtesy of Triangle Properties, Inc.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.