| MLS# A11577527 560 Michigan Ave , Miami Beach, Florida 33139

Overview

Status: Active
Parking No info
Size: No info
Price Per: No info/No info
Type: Multi Family
Built: 1937
HOA: No info
MLS Number: A11577527
View No info
On Site: 215 days
Updated: 12 Days Ago
Page Views: 6

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.

Price History

Date	Event	Price	Change Rate	Price Per
11/18/2024	Price Reduced	$5,950,000.00	4.8%	$1,077.12 ft²/$11,594.01 m²
09/13/2024	Price Reduced	$6,250,000.00	3.1%	$1,131.43 ft²/$12,178.58 m²
08/12/2024	Price Reduced	$6,450,000.00	6.5%	$1,167.63 ft²/$12,568.29 m²
04/29/2024	Listed	$6,900,000.00		$1,249.09 ft²/$13,445.15 m²

Features

Property Details for 560 Michigan Ave, Miami Beach, FL 33139

Multi Family current status is Active, 560 Michigan Ave is a Multi Family in , Miami Beach, FL 33139 with property MLS ID# A11577527. This Multi Family has been listed on Best of Luxury Realty since April 29, 2024 and is currently priced at 5,950,000. This property was built in 1937.

Bedrooms
Bedrooms: No info
Bedroom Description: No info

Bathrooms
Full Bathrooms:
Half Bathrooms: No info
Master Bathroom Description: No info

Exterior and Lot Features
Exterior Features: No info
View: No info

Interior, Heating and Cooling
Interior Features: No info
Appliances: No info
Heating Description: Central
Cooling Description: No info

Building and Construction
Floor Description: Marble, Parquet, Slate
Windows/Treatment: No info
Construction Type: No info
Year Built: 1937

School Information
Elementary School: No info
Middle School: No info
High School: No info

Other Property Info
Community Name: No info
Subdivision Name: No info
Property Type: Multi Family
Property Subtype: Commercial Sale
Type of Association: Homeowners
Garage Spaces: No info
Listing Date: 04/29/2024
Area: 42
Brokered By: The Corcoran Group
Legal Description: 3-4 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

Taxes, Fees & More
Maintenance/HOA Fees: No info
Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $32,307.00
Type of building: No info
Occupancy Information: Call Agent
Occupancy Percentage: No info
Property Type Description: No info
Parking Description: Assigned
Parking Spaces: 9
Number of Units: 9
Number of Floors: No info
Number of Stories: No info
Zoning Information: 6503
Total Acreage: No info
Acreage Description: No info

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Buyer/Tenant Etiquette

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Tracey Schmitt

Real Estate Advisor

Office: (305) 407-1657

Email: tracey@bestofluxuryrealty.com

Specialties:

Luxury Oceanfront Communities, Waterfront Single Family Homes

Memberships:

Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild

This property is courtesy of the The Corcoran Group. This listing has been viewed 6 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

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