560 Michigan Avenue

Miami Beach, FL 33139

$6,450,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Roberto Pecchi • The Corcoran Group
  2. Listed by Frank Euler PA • The Corcoran Group

Property Details for 560 Michigan Avenue

Waterfront
No
Area
42
Auction
No
Num Stories
2
LISTING UPDATED: 08/19/2024 09:15 AM

Property Details for 560 Michigan Avenue

StatusActive
MLS #A11577527
Days on Market246
Taxes$32,307 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1937
Lot Size0.23 AC / 10,000 SF
CountyMiami-Dade County

Building Information for 560 Michigan Avenue

Stories-Residences-Year Built1937Building Size-Lot Size0.23 AC / 10,000 SF

Property Information for 560 Michigan Avenue

Location Information
Location Information
  • Parcel Number Free Text: 02-42-03-009-7780
  • Parcel Number MLX: 7780
  • MLS Area: 42
  • Municipal Code: 3
  • Township Range: 42
  • Subdivision Number: 9
  • Unit Count: 2
  • Zoning Information: 6503
General Information
Parking
  • Num Parking Spaces: 9
  • Parking Description: Assigned Parking
General Information
  • Prop Type-Type of Building: Commercial/Residential Income
  • Building Sq Ft: 5,524
  • Num Offices: 1
  • Approximate Lot Size: 10000
  • Property Sq Ft: 10000
  • Num Buildings: 2
  • Road Frontage: City Road
  • Fire Protection: Smoke Alarm, Smoke Detector
  • Construction: Concrete Block Construction
  • Construction Type: Concrete Block Construction
  • Roof Description: Concrete Roof
  • Flooring: Marble/Slate Floors, Parquet Floors
  • Floor Description: Marble/Slate Floors, Parquet Floors
  • Security Information: Fenced
Additional Property Information
Utilities
  • Heating Description: Central Individual A/C
  • Cooling Description: Central Individual A/C
  • Water Description: Public Water
  • Sewer Description: Public Sanitation
Additional Property Information
  • Guest Accommodations: No
  • Num Units: 9
  • Miscellaneous Information: City Licenses, County Licenses, State Licenses
Financial Information
Financial Information
  • Flood Zone: AE
  • Information Available: Financial Statement
Agent / Office Information
Listing Information
  • Sale Includes: Building & Land, Furniture, License

Property History for 560 Michigan Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 560 Michigan Avenue

Taxable ValueLand$2,000,000Additions$58,045Total$2,058,045
Tax Record2023$32,307 ($2,692 / month)
Home Facts
Total Finished SqFt2,316 SqFtAbove Grade Finished SqFt2,316 SqFtStories2Lot Size5,000 SqFtStyleDuplexYear Built1937Zoning6503:COMMERCICountyMIAMI-DADEAPN02-4203-009-7780

Schools near 560 Michigan Avenue

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
South Pointe Elementary School
PublicPK to 5

Nautilus Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

560 Michigan Avenue is a multi-family home for sale in Miami Beach, FL 33139. This property was listed for sale on April 22, 2024 by The Corcoran Group, it's currently listed at $6,450,000. It has been on the market for a total of 246 days and was last sold on August 20, 2013. This listing's school district is Miami-Dade County Public Schools. Nearby schools include South Pointe Elementary School, Air Base K-8 Center for International Education and Nautilus Middle School. 560 Michigan Avenue is a 0-bed, 0-bath, multi-family home built in 1937.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Corcoran Group

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.