- 8400 NW 33rd St, Doral
104 Miami FL 33122 - 7865123745
arenci@avantiway.com - Contact Now
For Sale
531 16TH ST Miami Beach 33139
MLS # A11734941
0 Bedrooms
N/A
1947 Build Year
0 Baths
On Street
Property 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.
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ABOUT AGENT
Fernando Arencibia Jr
Avanti Way Agentpreneur