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  3. 531 16th St Miami Beach, FL - 33139-7773
  • MLS® #: A11420681
  • 531 16th St
  • Miami Beach, FL 33139-7773
  • $2,150,000
  • Business

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 22 years, low fixed annual lease payment for the entirety of the lease term with no escalations! NEW ROOF being installed prior to closing! 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.

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Essential Information

  • MLS® #A11420681
  • Price$2,150,000
  • CAD Dollar$3,016,988
  • UK Pound£1,715,883
  • Euro€2,063,678
  • Bathrooms0.00
  • Acres0.00
  • Year Built1947
  • TypeBusiness
  • Sub-TypeMulti Family
  • StatusActive

Community Information

  • Address531 16th St
  • Area32
  • CityMiami Beach
  • CountyMiami-Dade
  • StateFL
  • Zip Code33139-7773

Amenities

  • ParkingOn Street

Interior

  • # of Stories2
  • StoriesTwo
  • Office: Avanti Way Commercial

Property Location

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531 16th St on www.jupiteroceanfrontcondos.us

Offered at the current list price of $2,150,000, this home for sale at 531 16th St features 0 bedrooms and 0 bathrooms. This real estate listing is located in of Miami Beach, FL 33139-7773 . 531 16th St is listed under the MLS ID of A11420681 and has been on the Miami Beach real estate market for 453 days.

Facts About Miami Beach, FL

Over the past 20 years, no American beach has generated as much buzz as the one that hugs Ocean Drive in Miami Beach. Fringed with palms, backed by Art Deco architecture and pulsating with urban energy, South Beach is the place to stretch out.

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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the REALTOR® Association of Greater Miami and the Beaches, and is updated as of November 23rd, 2024 at 4:16pm CST (date/time).

All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Waterfront Properties and Club Communities shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2024 MLS of RAMB.

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