560 Michigan Ave, Miami Beach, FL 33139

Miami Beach
Local realty services provided by:First Service Realty ERA Powered
560 Michigan Ave,Miami Beach, FL 33139
$5,600,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: frank euler pa
Office: the corcoran group305-395-4982
MLS#:A12094992
Source:SEFMLS

Price summary

  • Price:$5,600,000

About this home

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...

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Home facts

  • Year built:1937
  • Subdivision & Development:OCEAN BEACH ADDN NO 3
  • Listing ID #:A12094992
  • Updated:September 28, 2026 at 10:06 AM

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1937
  • Construction Materials:Block
  • Levels:2 Story

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,600,000
  • Tax amount:$61,192 (2025)

Parking

  • Total parking spaces:9
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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