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Buy a multi-family propertyat 1619 Pennsylvania Ave, Miami Beach, FL 33139

$2,500,000

$0/mo

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Multifamily

4,240 Sq. Ft.

468 Days on market

A11327170 MLS ID

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About 1619 Pennsylvania Ave multi-family property

Investor and living dream, this unique/one of a kind and beautiful building located in the heart of South Beach on the corner of Lincoln Rd, a few blocks from the beach, with restaurants, shops and night clubs around the corner. The top floor with 2000 sq ft including a private 2000 sq foot back yard can be your private living quarters while you make money leasing the 3 other units on the first floor. Or you can just lease all 4 units for Income. You still have room in the back to build more units if you desire. Upstairs unit includes laundry room while the downstairs units share a laundry facility located in the building. Building comes with 4 parking spaces. Downstairs you have 1 studio, 1 2 bedrooms, and 2 1 bedroom.
Investor and living dream, this unique/one of a kind and beautiful building located in the heart of South Beach on the corner of Lincoln Rd, a few blocks from the beach, with restaurants, shops and night clubs around the corner. The top floor with 2000 sq ft including a private 2000 sq foot back yard can be your private living quarters while you make money leasing the 3 other units on the first floor. Or you can just lease all 4 units for Income. You still have room in the back to build more units if you desire. Upstairs unit includes laundry room while the downstairs units share a laundry facility located in the building. Building comes with 4 parking spaces. Downstairs you have 1 studio, 1 2 bedrooms, and 2 1 bedroom.

Property details

Building

Architectural Style: Attached, Old Spanish

Building Area Total: 4240

Building Area Units: Square Feet

Building Name: LINCOLN SUB

Living Area: 4240

Living Area Units: Square Feet

Stories: 2

Stories Total: 2

Structure Type: Duplex

Year Built: 1934

Year Built Details: Resale

Location

City: Miami Beach

Coordinates: "-80.1340263", "25.7898095"

County Or Parish: Miami-Dade County

Latitude: 25.7898095

Longitude: -80.1340263

MLS Area Major: Lincoln Sub

Postal Code: 33139

Postal Code Plus 4: 7714

State Or Province: FL

Street Name: Pennsylvania Ave

Street Number: 1619

Street Number Numeric: 1619

Subdivision Name: LINCOLN SUB

Unparsed Address: 1619 Pennsylvania Ave, Miami Beach FL 33139

Cooling

Cooling: Central Air

Cooling YN: t

Floors

Flooring: Ceramic Floor, Marble, Wood

Heating

Heating: Central

Heating YN: t

Interior Features

Interior Features: Stairs

Listing

Listing Id: A11327170

Listing Terms: Cash, Conventional, FHA

List Price: 2500000

Mls Status: Active

Number Of Units In Community: 4

Rent Includes: Gardener

Standard Status: Active

Lot

Lot Features: 1/4 To Less Than 1/2 Acre Lot

Lot Size Units: Square Feet

Property

Parcel Number: 02-32-34-002-0640

Property Sub Type: Duplex

Property Type: Residential Income

Parking

Parking Total: 4

Possession

Possession: Funding

Taxes

Tax Annual Amount: 31765

Tax Legal Description: LINCOLN SUB PB 9-69 LOT 6 BLK 52 A LOT SIZE 50.000 X 160 OR 21138-2735 03 2003 4

Tax Year: 2022

Monthly cost

Estimated monthly cost

$16,202/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$2,350,000

+$75,000

$2,425,000

Seller agent commission$75,000 (3%)*

$0 (0%)

Buyer agent commission$75,000 (3%)*

$75,000 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $75,000 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: Apr 26, 2024 at 4:35 p.m.

Data updated: Jul 31, 2023 at 6:25 p.m.

Courtesy of AG Real Estate Advisors, LLC.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Information © 2024 MIAMI and Miami REALTORS®. All Rights Reserved.

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