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Commercial Income
$5,950,000
$6,900,000
14%
560 Michigan Ave Miami Beach, FL

A11577527

49 of 58 for Sale
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an agent
  • Listed On:

    Apr 29, 2024
  • Days on Market:

    236
  • Year:

  • Taxes:

    $32,307 per year
  • Floor Description:

    Marble/Slate Floors, Parquet
  • Occupancy:

  • Zoning:

  • Parking:

    Assigned

560 Michigan Ave Miami Beach, FL This money making property includes two renovated building in Miami Beach, offering a furnished one and two bedrooms apartments, licensed for short term rentals. The remodeled nine units offer fully equipped kitchens and bathrooms. Each unit is individually equipped with central AC unit. This property is located in a double corner lot at 6th Street and Michigan Avenue. It is strategically located close to 5th Street Mall (Publix Supermarket, Target, Ross, TJ Max and Best Buy to name national retail tenants) and the new Five Park Residential Tower. The property offer faced private parking, laundry room, office. The zoning is CPS2 commercial - residential mix used - FAR 2, which allow further development up to 20,000 Sq/Ft. The beach of Ocean Drive is only 10 minutes walking.

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