1. Florida
2. Miami Beach
3. 1420 16th St

1420 16th St, Miami Beach, FL 33139

• 4,460 sqft

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

Listing Status:

Active

Date Added:

September 15, 2024 at 05:00AM

Listing Office:

Lifestyle International Realty : 305-809-8085

Listing Agent:

Shana Santalla : 305-205-8623

MLS ID:

A11659446

Interior

• Flooring: TileWood
• A/C: Wall/Window Unit(s)
• Heating: Electric

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Shana Santalla, Lifestyle International Realty