$2,400,000
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Quadruplex, Residential Income
1610 Bay Rd, a 4-unit apartment building currently operating as a short-term rental. Located in the heart of South Beach’s vibrant waterfront corridor, 1610 Bay Rd is well positioned within one of Miami Beach’s most sought after sub-markets. Bay Rd runs parallel to the western-point of South Beach, positioning the asset steps away from Biscayne Bay, Lincoln Road, and Sunset Harbor. Built in 1950, the property sits on a lot approximately0.12 acres zoned medium intensity RM-2. All four units currently operate as short-term rentals and consist of fully-furnished 2 bedroom & 1 bath apartments with on-site laundry for guests. A future investor would receive a turnkey short-term rental asset within Miami’s leading destination for tourism. Additionally, 1610 Bay Rd’s attractive unit size and premier location offers a strong rental market as a traditional multi-family asset. With comparable rates in the area ranging from $3.50-$4.00 per Sq Ft, an investor has the unique opportunity to continue operations as a short-term rental, combine long-term and short-term use, or fully convert the property into long-term apartments.
This quadruplex home located at 1610 Bay Rd, Miami Beach FL 33139 is currently for sale and has been available on Brickellsold for 25 days. This property is listed at $2M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1950. 1610 Bay Rd, Miami Beach FL 33139 is in Miami Beach county Miami-Dade County.
