This fourplex is licensed for Short-term rental. Completely gutted & renovated in Oct 2020; from Roof to Foundation and 40-year recertification all done in 2021. One block from Lincoln Road Mall and the Intercostal Bay. It currently has an operator with a master lease paying off a net amount to the owner. This is perfect for any would-be investor that understands the intricacies of how to manage a short term. All units have a 2/ 2 layout, brand-new appliances & AC Systems. Downstairs has a stunning patio area and the upstairs units come with a balcony overlooking the bustling streets of South Beach. It is currently fully operational. For would be buyer that has experience in managing airbnb their NOI could be 7.84% at the asking price. All units are sold with the furniture.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Fienberg/Fisher K-8 Center
1420 Washington Ave
Distance between this listing and this school0.76 miles
Public District Grades PK-5
Middle School
5
/10
Nautilus Middle School
4301 N Michigan Ave
Distance between this listing and this school1.89 miles
Public District Grades 6-8
High School
5
/10
Miami Beach Senior High School
2231 Prairie Ave
Distance between this listing and this school0.90 miles
Public District Grades 9-12
Assigned Schools
5
/10
Fienberg/Fisher K-8 Center
1420 Washington Ave
Distance between this listing and this school0.76 miles
Public District Grades PK-5
Nearby Schools
6
/10
South Pointe Elementary School
1050 4th St
Distance between this listing and this school1.20 miles
Public District Grades PK-5
9
/10
Mater Academy At Mount Sinai
4300 Alton Rd
Distance between this listing and this school1.65 miles
Public Charter Grades KG-4
Assigned Schools
5
/10
Nautilus Middle School
4301 N Michigan Ave
Distance between this listing and this school1.89 miles
Public District Grades 6-8
Nearby Schools
3
/10
Aspira Eugenio Maria De Hostos Youth Leadership Charter School
1 NE 19th St
Distance between this listing and this school3.16 miles
Public Charter Grades 6-8
4
/10
Theodore R. and Thelma A. Gibson Charter School
1698 And 1682 Nw 4th Ave
Distance between this listing and this school3.61 miles
Public Charter Grades PK-8
Assigned Schools
5
/10
Miami Beach Senior High School
2231 Prairie Ave
Distance between this listing and this school0.90 miles
Public District Grades 9-12
Nearby Schools
10
/10
I Preparatory Academy
1500 Biscayne Blvd
Distance between this listing and this school2.86 miles
Public Magnet Grades 9-12
8
/10
Miami-Dade Online Academy- Virtual Instruction Program
1501 NE 2nd Ave
Distance between this listing and this school2.90 miles
The neighbors living near this home have an average income of $45,509. The majority of Miami Beach, FL residents have income between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
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This home is located at 1620 Bay Rd in Miami Beach, FL and zip code 33139. This 4,338 square foot home was built in 1950. It has been listed on Rocket Homes since June 09, 2023 and is currently priced at $3,250,000.
While more than 6 listings in Miami Beach, FL in March 2024 were sold above asking price, there were more than 12 listings sold at asking price, and more than 118 were sold below. In March 2024 in Miami Beach, FL there were 8.6% more homes for sale than in February 2024. Listings spent 85 days on the market in March 2024, and had a median list price of $569,797 during the same period.
From Rocket Homes Real Estate and based on county public records data.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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