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. The street does not flood. Proof of funds + NDA required. Do not disturb tenants. Total 24 bedrooms, 18 baths. Total building sqft 13,380.
For sale
Price increase: $150K (7/28)
$2,900,000
1420 16th St, Miami Beach, FL 33139
8beds
6baths
4,460sqft
Est.:
Quadruplex
Built in 1955
-- sqft lot
$2,665,100 Zestimate®
$650/sqft
$-- HOA
What's special
Private bay-access street
- 82 days
- on Zillow |
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