1620 Bay Rd Miami Beach, FL 33139
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 1620 Bay Rd
- Year built
- 1950
- Property type
- Small apartment buildings
Description
This exceptional four-unit apartment building, located at 1620 Bay Road in Miami Beach, Florida, presents a lucrative investment opportunity. Built in 1950 and recently undergoing a complete renovation, this two-story property boasts four identical units, each featuring two bedrooms and two bathrooms. All units are equipped with new appliances, air conditioning, in-unit laundry, and smart home systems. The property is fully furnished and currently operates as a successful short-term rental, legally licensed by the DBPR. Its prime location, just one block from Lincoln Road Mall and the Intercoastal Bay, ensures high occupancy rates and strong rental income. The building's history of successful Airbnb operation, coupled with its modern amenities and convenient location, makes it an ideal investment for both owner-operators and those seeking a high net operating income (NOI). The property is situated in Miami-Dade County, Florida, with a zip code of 33139. Further financial details are available upon request.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1438833
- Latitude
- 25.7897031
