Miami Beach, FL 33139 560 Michigan Ave
$6,250,000
40 more
Presented By: This listing is courtesy of The Corcoran Group;
SQFT • 5,524
Home Details
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.
Presented By: This listing is courtesy of The Corcoran Group;
Interior Features for 560 Michigan Ave
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringMarble, Parquet, Slate
Heating Y/NYes
General for 560 Michigan Ave
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityMiami Beach
Construction MaterialsBlock
CoolingCentralAir
CountyMiami-Dade
DisclosuresOwnerIsListingAgent
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal Description3-4 54 42 3-4 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 E100FT OF LOT 1 BLK 98 LOT SIZE 50.000 X 100 OR 21279-3773 022003 6 COC 24635-1561 06 2006
LevelsTwo
Lot Size Square Feet10000.0
Lot Size UnitsSquareFeet
MLS Area42
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal9
Occupancy TypeCallAgent
Percent OwnershipCorporation
PossessionClosingAndFunding
PostalCityMiami Beach
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubTypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
RoofConcrete
Security FeaturesFenced, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount32307.0
TermsCash, Conventional
Virtual TourClick here
Waterfront Y/NNo
Year Built1937
Zoning Description6503
Exterior for 560 Michigan Ave
Building Area Total5524.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Area10000.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesAssigned
Road Frontage TypeCityStreet
SpaNo
Total Parking9.0
Water SourcePublic
Additional Details
Price History
Diana Fahmie
Realtor
