560 Michigan Ave, Miami Beach, FL 33139
Miami Beach, FL 33139 · MLS# A12094992 · Active · OCEAN BEACH ADDN NO 3
Description of 560 Michigan Ave, Miami Beach, FL 33139
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.
Property Details for 560 Michigan Ave, Miami Beach, FL 33139
- Flooring
- Other
- Heating
- Central
- Cooling
- Central Air
- Pool Private
- No
- Year Built Details
- Effective Year Built
- Property Condition
- Substantially Remodeled
Building Information for 560 Michigan Ave, Miami Beach, FL 33139
- Building Name
- OCEAN BEACH ADDN NO 3
- Building Area Units
- Square Feet
- Stories
- 2
- Stories Total
- 2
- Association
- No
Property Information for 560 Michigan Ave, Miami Beach, FL 33139
- Lot Features
- Less Than 1/4 Acre Lot
- Waterfront
- No
- View
- No
- Construction Materials
- Concrete Block Construction
- Roof
- Other
- Sewer
- Public Sewer
- New Construction
- No
Public Records for 560 Michigan Ave, Miami Beach, FL 33139
- Parcel Number
- 02-42-03-009-7780
- Tax Annual Amount
- $61,192
- Tax Year
- 2025
- 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
- Zoning
- 6503
- County Or Parish
- Miami-Dade County
Payment Calculator
- Principal & Interest
- $28,317
- Property Taxes
- $5,099
- Home Insurance
- $2,800
Estimate only — actual rates, taxes and insurance vary. Not a loan offer or financial advice. Financing through Matthew Gromadzki, NMLS #2560919 · Innovative Mortgage Services, Inc., NMLS #250769.
Location
560 Michigan Ave, Miami Beach, FL 33139 · See all Miami Beach homes for sale
More information about 560 Michigan Ave, Miami Beach, FL 33139
560 Michigan Ave is a multi-family home for sale in Miami Beach, FL 33139. This property was listed for sale on September 24, 2026 by The Corcoran Group, it's currently listed at $5,600,000. This listing's school district is Miami-Dade County Public Schools.