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New
153
Home61's Closings in
South Beach
Amenities
Key features
Living area
N/A
Lot size
N/A
Tax
$ 45,919
$ /sqft
-
Half Bath/WC
-
Parking Space
1
Building
-
On market
1 day
$ /sqft
-
Type
other
Year Built
1947
Unit
-
Zip Code
33139
Ref./MLS ID
A11734941
DESCRIPTION
Unique opportunity to acquire this land lease with excellent income-producing 14-unit multifamily building in the heart of south beach. Building offers a healthy unit mix, fully rented, low expenses, quality long-term tenants. Favorable land lease structure expiring in 21 years, low fixed annual lease payment for the entirety of the lease term with no escalations! new roof! completed december 2024. Great cap rate in a strong rental market with upside on rents, financing opportunities available. Located in the heart of south beach and the historic art deco district, ideally situated just steps away from the world-famous lincoln road and its promenade of 200+ retail shops, restaurant and cafes. Building is well-kept and well-managed. Financials available upon request.
Data is provided by Miami Board of Realtors.
Public transportation
Washington Av & Lincoln Rd
120
123
150
C
A
2 mins
Washington Av & 16 St
123
C
2 mins
Washington Av & 15 St
123
C
3 mins
Lincoln Rd & Washington Av
115
117
A
S
120
150
C
3 mins
Nearby School In South Beach
Data Provided by greatschools.org
Neighborhood
South Beach
- fashion
- beach
- ocean
- nightlife
- party
- restaurants
- bars
- condos
- ocean front homes
- luxury
- miami
Listed on February 04, 2025 by Fernando Arencibia JR. from Avanti Way Commercial, this other is for sale. other for sale in South Beach listed at $1,950,000, Reference A11734941
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2025 Miami Board of Realtors®. All Rights Reserved.
The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2025 Miami Board of Realtors®. All Rights Reserved.
The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.