1420 16th St, Miami Beach FL 33139

Description

Prime South Beach Development Opportunity! Miami Beach. Private Bay-access street steps to Lincoln Road. Income-producing 4-plex with immediate cash flow + major redevelopment potential. Zoned RM-2: Build up to 60 ft (6 stories), 2.0 FAR, approx. 10,000 sq ft buildable area, up to 10 units. Permitted uses: luxury multifamily, townhomes, boutique hotel, or short-term rentals (with BTR). Features (2) 2BR/2BA & (2) 2BR/1BA units, hurricane-impact windows/doors, upgraded electrical, new PVC pipes, balconies/porches, 4 parking spaces. Fully leased with long-term tenants. Well-maintained, no repairs needed. Being sold as part of an assemblage along with 1580 Bay Rd, 33139, and 1410 16 St, Miami Beach, 33139. MLS # A11847604 Total 24 bedrooms, 18 baths. Total building sqft 13,380.

This quadruplex home located at 1420 16th St, Miami Beach FL 33139 is currently for sale and has been available on Brickellsold for 169 days. This property is listed at $3M. It has N/A beds, N/A bathrooms, and is 4460 square feet. It was built in 1955. 1420 16th St, Miami Beach FL 33139 is in Miami Beach county Miami-Dade County.