Multi Family at 531 16th Street
531 16th Street, Miami Beach, FL 33139
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 20 years, low fixed annual lease payment for the entirety of the lease term with no escalations! NEW ROOF! Completed December 2024. 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.
Nearby Synagogues & Location
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About this 0-bedroom home in Miami Beach
This Miami Beach home sits about 0.19 miles from Chabad House in Miami Beach (Orthodox) — roughly a 4-minute walk. On ShulSearch every nearby listing is ranked by walk time to shul, so you can find a home in Miami Beach that's genuinely within walking distance of your community.
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