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… Read More 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. Read Less
Courtesy of The Corcoran Group, Frank Euler, 305-395-4982.
Listing Snapshot
Days Online
84
Last Updated
Property Type
Multi Family
Square Ft.
5,524
Lot Size
0.23 Acres
Year Built
1937
MLS Number
A12057167
30 Days Snapshot Of 33139
$1.85M
0%
(avg) sold price
0
-100%
homes sold
150
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1937, Construction materials: Block, Toal building area: 5524, 2 total units
Lot
0.23 acres
Parking
Assigned, 9 total parkings
Property
Zoning: 6503
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
Confirm your time
Fill in your details and we will contact you to confirm a time.
