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About This Property
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.
Property Features
County
Miami-Dade County
Section
33
Area
Subdivision
LINCOLN TERRACE
Interior
Cooling
Wall/Window Unit(s)
Bedrooms
Floors
Full Baths
Appliances
Heating
Window/Wall
Style
Detached
Garage Spaces
Construction/Exterior
Concrete Block Construction
Patio / Deck Description
Exterior
Has a Pool
Possession
Funding
Lot Size in Acres
Water
Municipal Water
Sewer
Public Sewer
Lot Size in Sq. Ft.
0
Has Waterfront
No
Parking Description
View
Has Garage
No
Roof/Attic
Concrete
Senior Community
No
Other Utilities
Property Type
Residential Income
Pets
Property SubType 2
Quadruplex
Tax Year
2025
Year Built
1950
Tax Amount
$29566
APN
NA
Square Feet Source
NA
Map
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