Lincoln Terrace, 1610 Bay Rd, Miami Beach, FL, Florida 33139

1610 Bay Rd, A 4-unit Apartment Building Currently Operating As A Short-term Rental. Located In The Heart Of South Beach’s Vibrant Waterfront Corridor, 1610 Bay Rd Is Well Positioned Within One Of Miami Beach’s Most Sought After Sub-markets. Bay Rd Runs Parallel To The Western-point Of South Beach, Positioning The Asset Steps Away From Biscayne Bay, Lincoln Road, And Sunset Harbor. Built In 1950, The Property Sits On A Lot Approximately0.12 Acres Zoned Medium Intensity Rm-2. All Four Units Currently Operate As Short-term Rentals And Consist Of Fully-furnished 2 Bedroom & 1 Bath Apartments With On-site Laundry For Guests. A Future Investor Would Receive A Turnkey Short-term Rental Asset Within Miami’s Leading Destination For Tourism. Additionally, 1610 Bay Rd’s Attractive Unit Size And Premier Location Offers A Strong Rental Market As A Traditional Multi-family Asset. With Comparable Rates In The Area Ranging From $3.50-$4.00 Per Sq Ft, An Investor Has The Unique Opportunity To Continue Operations As A Short-term Rental, Combine Long-term And Short-term Use, Or Fully Convert The Property Into Long-term Apartments.