Price Reduced 13.77%
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
1937
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!
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:
232
MLS #:
A11577527
Community Info
School Info
Walk Score
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Listing courtesy of The Corcoran Group Phone: 305-395-4982