531 16th St
Miami Beach, Florida, 33139, United States
- ft²
0.18 acres
- beds
- baths
Property Provided By
- Fernando Arencibia JR.
- Avanti Way Commercial
- +1 (786) 512-3745
Connect with local buyer agents who are willing to offer commission savings!
Property Information
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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This content last updated on 2024-10-21 20:26:33. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Property Provided By
- Fernando Arencibia JR.
- Avanti Way Commercial
- +1 (786) 512-3745
Connect with local buyer agents who are willing to offer commission savings!
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