531 16th St | Miami Beach, FL 33139
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- LoopNet Team
531 16th St
Miami Beach, FL 33139
Multifamily Property For Sale
·
14 Units
Investment Highlights
- 531 16th Street presents an income-generating, 14-unit apartment building.
- The building has a favorable land-lease expiring in 21 years with low fixed annual lease payments for the entirety with no escalations.
- Nestled in the City Center neighborhood of Miami Beach, FL, between the Biscayne Bay and the Atlantic Ocean.
- Surrounding by prime Miami Beach shopping, dining, nightlife, art, and more.
Property Facts
| No. Units | 14 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 9,824 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1947 |
| Building Class | C | Parking Ratio | 0.1/1,000 SF |
| Zoning | RM-1 - Residential Multi-Family | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 9,824 SF |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 0.1/1,000 SF |
| Zoning | RM-1 - Residential Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 4 | - | - |
| 2+2 | 2 | - | - |
Property Taxes
| Parcel Number | 02-3234-002-0680 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,502,500 |
Property Taxes
Parcel Number
02-3234-002-0680
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,502,500
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