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- Description
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$5,600,000
Monthly Est:$27,873
13 Beds
9 Baths
--sqft
560 Michigan Ave, Miami Beach, FL 33139
$5,600,000
$27,873/moEst:
Get Pre-Approved
Multi Family
Built in 1937
$-- HOA
-- sqft lot
--/sqft
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.
- Houzeo last checked: 13 minutes ago
- Listing updated: September 24, 2026 at 9:01 pm
- Listing Provided by: Frank Euler PA (786) 252-7308 DRE #3262818 | The Corcoran Group (305) 395-4982
- Source: Miami MLS-FL | MLS#: A12094992
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1937
HOA Fees
-
Finished Area
- sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Miami MLS
MLS Number
A12094992
MLS Status
Active
Days on Market
12
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 13
Bathrooms: 9
Interior
Heating
Central
Flooring
Other
Sewer
Public Sewer
Cooling
Central Air
Construction
Year Built
Year Built: 1937
Home type
Multi Family
Roof
Other
Construction Materials
Block
Utilities & Energy
Pool Features
None
Utilities
Cable Available
Other Features
Subdivision Name
Ocean Beach Addn No 3
Lot Features
Less Than Quarter Acre
Price History
| Date | Event | Price |
|---|---|---|
09/21/2026 Source: | Price Decreased | $5,600,000 -3.45% $0/sqft |
07/21/2026 Source: | Off Market | $5,800,000 $0/sqft |
07/21/2026 Source: | Listed for Sale | $5,800,000 -14.71% $0/sqft |
05/12/2025 Source: | Off Market | $6,800,000 $0/sqft |
05/12/2025 Source: | Listed for Sale | $6,800,000 +14.29% $0/sqft |
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Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® through Oct 07, 2026, 04:15AM. The MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law. Copyright Southeast Florida MLS a/k/a SEFMLS © 2026. All rights reserved.
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