531 16th St, Miami Beach FL 33139

Description of 531 16th St, Miami Beach FL 33139

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 20 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.

Property Details for 531 16th St, Miami Beach FL 33139

Parking Features

On Street

Pool Private

No

Building Information for 531 16th St, Miami Beach FL 33139

Building Area Total

10820

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

Property Information for 531 16th St, Miami Beach FL 33139

Lot Size Square Feet

8,000

Waterfront

No

View

No

New Construction

No

Public Records for 531 16th St, Miami Beach FL 33139

Parcel Number

02-32-34-002-0680

Tax Legal Description

LINCOLN SUB PB 9-69 LOT 10 BLK 52 A LOT SIZE 50.000 X 160 74R-86189 OR 11769-105 0483 4

Zoning

3900

County Or Parish

Miami-Dade County

Location