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Income/MultiFamily - for Sale

560 MICHIGAN AVE, MIAMI BEACH, FL 33139

Asking Price$6,900,000

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  • Days on market:

    45 day(s)
  • Original Price:

    $6,900,000
  • Tax 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
  • Property Type:

    Income/MultiFamily
  • Parking:

    Assigned
  • Inclusions:

    Building & Land,Furniture,License
  • Roof:

    Concrete
  • Cooling Description:

    Central Individual A/C
  • Heating Description:

    Central Individual A/C
  • Floor Description:

    Marble/Slate Floors Parquet
  • Special Listing Conditions:

    Sale
  • Lot Features:

    Corner Lot

Description

$6,900,000

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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