1420 16th St, Miami Beach, FL 33139
For Sale $2,900,000
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. Being sold as part of an assemblage along with 1580 Bay Rd, 33139, and 1410 16 St, Miami Beach, 33139. MLS # A11847604 Total 24 bedrooms, 18 baths. Total building sqft 13,380.
1420 16Th St, Miami Beach, Fl 33139 | Floor Plans
- Days On Market:169Listed:Jun 8, 2025
- Size:4460 ft2 (414m2)Rooms:Studio
- Bathrooms:0Baths Half:0
- Terms:All Cash, ConventionalProperty Facing:N/A
- Last Modification:1 week agoPrice Change:+5.45%
Property Taxes and Assessment
- Annual Tax$26,840
- Tax Year2023
- Maintenance FeeN/A
- Association FeeN/A
- TermsAll Cash, Conventional
Property Features
| Other Facts |
|---|
| Heating Electric |
| Cooling Wall/Window Unit(s) |
| Flooring Tile Wood |
| Roof Flat Tile |
| Sewer Public Sewer |
| Amenities |
|---|
| Architectural Style Attached |
| Construction Materials CBS Construction |
| Structure Type Quadruplex Fourplex |
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Courtesy Of:Lifestyle International Realty