Price Reduced 0.86%

$2,875,000 ($644.62 per sqft)

Est. Mortgage $14,727/mo *

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Price History

$2,900,000
9/15/2024

$2,875,000
4/15/2025

1420 16th St, Miami Beach, FL, 33139

1420 16th St, Miami Beach, FL, 33139
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1955

Fourplex

4,460 sqft

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. The street does not flood. Proof of funds + NDA required. Do not disturb tenants.

Status:

Active

Type:

Multi-family

Zoning:

4000

Subdivision:

BAY LINCOLN

Heating:

Electric

Cooling:

Wall/Window Unit(s)

Parking:

4-car

Est. Taxes:

$26,840

Construction

Block

Utilities

Cable Available

Lot Description:

< 1/4 Acre

Days on Market:

229

Pool:

None

MLS #:

A11659446

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of LIFESTYLE INTERNATIONAL REALTY Phone: 305-809-8085