45
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$5,950,000
Est. payment /mo
5,524 SqFt
Price Dropped by $300K
560 Michigan Ave Miami Beach, FL 33139
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UPDATED:
12/10/2024 03:07 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,524 sqft
Price per Sqft $1,077
MLS Listing ID A11577527
HOA Y/N No
Year Built 1937
Annual Tax Amount $32,307
Lot Size 10,000 Sqft
Property Description
This money making property includes two renovated buildings in Miami Beach with furnished one & two bedrooms apartments, licensed for short term rentals. The remodeled 9 units offer fully equipped kitchens & bathrooms as well as central AC. This property is located on a double corner lot at 6th Street and Michigan Avenue in the heart of South Beach, close to the 5th Street Mall and the new Five Park residential tower & City park. Ocean Drive, the beach as well as the exclusive South of Fifth neighborhood are just blocks away, making this an extremely attractive location for visitors and short term tenants. Zoning is CPS2 commercial - residential mix used - FAR 2, which allows further development up to 20,000 Sq/Ft. Please ask us for proposed design renderings. Owner financing available!
Location
State FL
County Miami-dade
Area 42
Interior
Heating Central
Cooling Central Air
Flooring Marble, Parquet, Slate
Exterior
Roof Type Concrete
Total Parking Spaces 9
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
Others
Tax ID 02-42-03-009-7780
Ownership Corporation
Security Features Fenced,Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by The Corcoran Group