560 Michigan Avenue For Sale
Property Details
| Asking Price | $5,600,000 |
|---|---|
| Price per SqFt | — |
| Maintenance Fee | Inquire |
| Property Taxes | $61,192 2025 |
| Interior Space | — |
| Beds/Baths | —/— |
| Year Built | 1937 |
| MLS # | A12094992 |
Location
From the listing
This income producing property includes two renovated buildings in Miami Beach with furnished one & two bedroom apartments, licensed for short term rentals and currently leased on an NNN basis to an operating company. A future owner can choose to keep the operating company in place, enjoying steady income not subject to occupancy fluctuations, or instead operate under own management. The remodeled 9 units offer fully equipped kitchens & bathrooms as well as central AC. The property consists of two separate folios and 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.
Listed by The Corcoran Group
What It Costs to Own
Monthly, before a mortgage and insurance
Taxes $61,192 for 2025. MLS figures, which may not be accurate.
Sales History for This Home · 560 Michigan Avenue, Miami Beach, FL 33139
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A1831342 | $950,000 | 8/20/13 |
Listed by The Corcoran Group. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.
Ask Mark About This Listing
560 Michigan Avenue, Miami Beach · MLS A12094992 · $5,600,000
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.