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About This Property
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 Features
County
Miami-Dade County
Section
3
Area
Subdivision
OCEAN BEACH ADDN NO 3
Interior
Cooling
Central Air
Bedrooms
Floors
Other
Full Baths
Appliances
Heating
Central
Style
Garage Spaces
Construction/Exterior
Concrete Block Construction
Patio / Deck Description
Exterior
Has a Pool
Possession
Rental Agreement
Lot Size in Acres
Water
Sewer
Public Sewer
Lot Size in Sq. Ft.
0
Has Waterfront
No
Parking Description
View
Has Garage
No
Roof/Attic
Other
Senior Community
No
Other Utilities
Property Type
Residential Income
Pets
Property SubType 2
Multi Family
Tax Year
2025
Year Built
1937
Tax Amount
$61192
APN
NA
Square Feet Source
NA
Map
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