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Property profile & analytics
OFF-MARKET
Small apartment buildings

1620 Bay Rd Miami Beach, FL 33139

Built 1950
Property ID
US18-8530363
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Small apartment buildings
Year built 1950
UPID US18-8530363
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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