Price Reduced 13.77%

$5,950,000

Est. Mortgage $30,873/mo *

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Price History

$6,900,000
4/22/2024

$6,450,000
8/12/2024

$6,250,000
9/13/2024

$6,450,000
9/14/2024

$6,250,000
9/15/2024

$5,950,000
11/18/2024

$6,250,000
11/19/2024

$5,950,000
11/20/2024

560 Michigan Ave, Miami Beach, FL, 33139

560 Michigan Ave, Miami Beach, FL, 33139
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1937

This money making property includes two renovated buildings in Miami Beach with furnished one and two bedrooms apartments, licensed for short term rentals. The remodeled nine units offer fully equipped kitchens and 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 and 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. The 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.

Status:

Active

Type:

Commercial

Units:

9

Zoning:

6503

Garage:

Assigned

Heating:

Central

Cooling:

Central Air

Parking:

9-car

Est. Taxes:

$32,307

Construction

Block

Days on Market:

210

MLS #:

A11577527

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of The Corcoran Group Phone: 305-395-4982