Bay Lincoln Multifamily Homes For SaleAirbnbNo HOA

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Bay Lincoln, 1420 16th St, Miami Beach, Florida 33139, image 1
$2,900,000 $125K
  • 4,460 SqFt
  • $650/SqFt
Multifamily for sale in Bay Lincoln
1420 16th St, Miami Beach, FL 33139
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.
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Scores

Walk Score®

Walker's Paradise. Daily errands do not require a car.

93

100

Transit Score®

Some Transit. A few nearby public transportation options.

48

100

Bike Score®

Very Bikeable. Biking is convenient for most trips.

84

100

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