560 Michigan Ave ,Income Non-waterfront, Apartments for Sale & Rent

560 Michigan Ave for Sale & Rent

Price $5,800,000.00

• Lot size 10000
• Year Build 1937
• Waterfront
• Zip 33139
• Style
• Parking Description Assigned
• Pool Yes
• Status Active

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.

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

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.

City:Miami Beach,Zoning:6503,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.7756154,List Price:5800000,Listing Id:A12057167,Longitude:-80.1385187,Mls Status:Active,Year Built:1937,Postal Code:33139,Street Name:Michigan Ave,Coordinates:1:25.7756154,Photos Count:12,Days On Market:1,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:42,On Market Date:2026-07-20,Parcel Number:02-42-03-009-7780,Parking Total:9,Property Type:Commercial Sale,Stories Total:2,Street Number:560,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2027-04-19,List Office Name:The Corcoran Group,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6318,Property Sub Type:Income/MultiFamily,State Or Province:FL,Unparsed Address:560 Michigan Ave, Miami Beach FL 33139,Listing Agreement:Exclusive Right To Sell,Building Area Total:5524,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:10000,M I A M I R E_ Flood Zone:AE,M I A M I R E_ Num Floors:2,M I A M I R E_ Num Meters:1,Number Of Buildings:2,Original List Price:5800000,Public Survey Range:42,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks: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.,Listing Contract Date:2026-07-20,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:See Broker Remarks,Street Number Numeric:560,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,M I A M I R E_ Current Price:5800000,Public Survey Township:42,M I A M I R E_ Municipal Code:2,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:This income producing property includes two renovated buildings in Miami Beach with furnished one & two bedroom apts, licensed for short term rentals.,M I A M I R E_ Parcel Number M L X:7780,M I A M I R E_ Street View Param:1$25.775619$-80.138574$326.94$13.33$1.00$RHnNfybbqkAhRy_JGRcdSA,Contract Status Change Date:2026-07-20,Internet Address Display Y N:1,Number Of Units In Community:9,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:9,M I A M I R E_ Agent Alternate Phone:786-252-7308,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:560 Michigan Ave,