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Investment Opportunity

Miami Investmens

1420 16th St Miami Beach FL 33139 MLS #A11818124

1420 16th St
Miami Beach, FL, 33139
$2,900,000
Beds
0 Bathrooms
4,460 SqFt
0 Acres
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$2,900,000
1420 16th St
Miami Beach, FL, 33139
MLS #A11818124 image #0MLS #A11818124 image #1MLS #A11818124 image #2MLS #A11818124 image #3MLS #A11818124 image #4MLS #A11818124 image #5MLS #A11818124 image #6

Project 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.

Property Details

Price:
$2,900,000
MLS #:
A11818124
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
BAY LINCOLN
Neighborhood:
baylincoln
Listed Date:
Jun 8, 2025
Finished Sq Ft:
4,460
Total Sq Ft:
4,460
Year Built:
1955
Bay LincolnBaylincolnBay Lincoln

Schools

Interior

Cooling
Wall/Window Unit(s)
Flooring
Tile, Wood
Heating
Electric

Exterior

Architectural Style
Attached
Construction Materials
CBS Construction
Parking Spots
4
Roof
Flat Tile

Financial

Tax Year
2023
Taxes
$26,840

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Profitability of the Property

Net Monthly Income:
Annual Profitability of:
1420 16th St
Miami Beach, FL