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listing
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CommercialFor Sale
$2,150,000
531 16th St
Miami Beach, FL 33139
Courtesy of Avanti Way Commercial
MLS: MIAMI Association of REALTORS
Est. Mortgage
$11,198/mo

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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Information courtesy of Avanti Way Commercial is subject to verification and is not guaranteed.
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