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Gelfand Realty Miami Properties for Sale - Income/MultiFamily for Sale

560 MICHIGAN AVE, MIAMI BEACH, FL 33139

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Income/MultiFamily - for Sale

560 MICHIGAN AVE, MIAMI BEACH, FL 33139

Asking Price$5,950,000 Change Price$300,000

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  • Days on market:

    232 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

$5,950,000

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!

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