MIAMI BEACH · Residential Income
560 Michigan Ave, Miami Beach FL 33139
$5,600,000
01 — THE RESIDENCE
The details make
the difference.
A considered introduction to this property, using the information provided with its MLS 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.
02 — THE PERSPECTIVE
Every angle tells
another story.
Explore the original listing photography for a more complete impression of the residence, its architecture and surrounding setting.
DISCOVER THE GALLERY03 — PROPERTY PROFILE
Residence at a glance.
04 — DISCOVER MORE
Beyond the first impression.
05 — LOCATION
Find your place
in Miami Beach.
560 Michigan Ave, Miami Beach FL 33139
The map uses coordinates supplied with the MLS record. Pin positions may be approximate; verify exact access and location with your advisor.
THE WOLSEN EXPERIENCE
Every extraordinary address
begins with a conversation.
Discover more about this property through a personal, considered conversation.