1620 Bay Road
1620 Bay Road
$3,250,000
—
4,338
4,338
$749
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.
- Listed by Daniel Ettedgui • Triangle Properties, Inc.
Property Details for 1620 Bay Road
Subdivision
LINCOLN TERRACE SUB
StyleFourplex
WaterfrontNo
Area32
AuctionNo
Total Units4
Num Stories2
Sq Ft Total4338
Location
LISTING UPDATED: 04/17/2024 01:20 PM
Property Details for 1620 Bay Road
Status | Active |
---|---|
MLS # | A11401295 |
Days on Market | 325 |
Taxes | $28,892 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family Income / Fourplex |
Year Built | 1950 |
Lot Size | - |
County | Miami-Dade County |
Building
Location
Building Information for 1620 Bay Road
Stories2Residences-Year Built1950Building Size-Lot Size-
Payment Calculator
$20,144 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1620 Bay Road
Property History for 1620 Bay Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 |
---|---|---|
Air Base K-8 Center for International Education PublicPK to 8 | ||
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.
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