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531 16th St, Miami Beach FL 33139 | Miami-Dade County | A11975379
  • $1,700,000

Description

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.

Address

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  • Address: 16th St
  • City: Miami Beach
  • Zip/Postal Code: 33139

Details

Updated on June 8, 2026 at 5:59 am
  • Property ID A11975379
  • Price $1,700,000
  • Year Built 1947
  • Property Status Active

Additional details

  • LivingAreaUnits Square Feet
  • PhotosCount 26
  • MIAMIRE_SubdivisionNumber 2
  • ViewYN No
  • MIAMIRE_NARRulesYN Yes
  • ListingKeyNumeric 437880264
  • AssociationYN No
  • MlsStatus Active
  • StreetNumber 531
  • ListingKey 4ae3e893410b4fc482fb78d284446863
  • MIAMIRE_AddressInternetDisplay 531 16th St
  • PoolPrivateYN No
  • ListingTerms All Cash, Conventional/Refinance
  • Possession Funding
  • WaterfrontYN No
  • InternetAddressDisplayYN Yes
  • StoriesTotal 2
  • StreetNumberNumeric 531
  • MIAMIRE_MunicipalCode 2
  • ParkingFeatures On Street
  • PostalCodePlus4 7773
  • NumberOfUnitsInCommunity 14
  • MIAMIRE_Area 32
  • ListingAgreement Exclusive Right To Sell
  • ListingId A11975379
  • BuildingAreaUnits Square Feet
  • InternetEntireListingDisplayYN Yes
  • InternetAutomatedValuationDisplayYN No
  • InternetConsumerCommentYN No
  • BuildingAreaTotal 10820
  • LotSizeUnits Square Feet
  • ListingContractDate 2026-03-17
  • Zoning 3900
  • BusinessType Residential-Multi-Family
  • StateOrProvince FL
  • Stories 2
  • SignOnPropertyYN No
  • IDXParticipationYN Yes
  • HorseYN No
  • OpenParkingYN Yes
  • LeasableAreaUnits Square Feet
  • Inclusions Building Only
  • SyndicationRemarks 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.
  • MIAMIRE_FloodZone AE
  • NewConstructionYN No
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  • MIAMIRE_OkToAdvertiseList No
  • DocumentsAvailable Aerial Photo(S)
  • LotSizeSquareFeet 8000
  • UnparsedAddress 531 16th St, Miami Beach FL 33139
  • MIAMIRE_Blogging No
  • FeedTypes IDX

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Christopher Lazaro

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