Price Reduced Listing
$5,600,000
 $30,062 est/mo Sourced by Back At You

560 Michigan Avenue,Miami Beach, FL 33139

Miami Beach, FL 33139

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Description

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.

Details

MLS #A12057167
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1937
Days On Site69
Listing Provided ByThe Corcoran Group | Frank Euler

Features

SQ Feet5,524
Story(s)2
Units2
Building(s)2
Zoning6503
Acreage0.23

Parking

Parking FeaturesAssigned

Area Information

StateFL
CountyMiami Dade
CityMiami Beach
Zip Code33139
Area2420
Listing VS Median (in 33139)
Price:
$5,600,000
low | high
Med:
$174,750
100% of Average
sqft:
5,524
low | high
Med:
471
100% of Average
$ / sqft:
$1,014
low | high
Med:
$372
100% of Average
On site:
69
low | high
Med:
26
100% of Average
Sourced by Back At You

Market Activity 33139

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Learn More About This Property

Florinda Goris

Florinda Goris

Coldwell Banker Premium Realty

SL660851ABR (305) 733-4443gorisflorinda@gmail.com
StateFL
CountyMiami Dade
CityMiami Beach
Zip Code33139
Area2420
Listing VS Median (in 33139)
Price:
$5,600,000
low | high
Med:
$174,750
100% of Average
sqft:
5,524
low | high
Med:
471
100% of Average
$ / sqft:
$1,014
low | high
Med:
$372
100% of Average
On site:
69
low | high
Med:
26
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $4.2M - $7M
sqft: 4,000 - 6,500
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Listing Updated: September 21, 2026 at 10:02:55 AM PDT
Florinda Goris
ABR
License #: SL660851
(305) 733-4443
Coldwell Banker Premium Realty - 406 Lucerne Ave.
Lake Worth Beach, FL 33460

Florinda Goris - Coldwell Banker Premium Realty