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1536 Michigan Ave
Out Of Market
Recommend
Out Of Market
153
Home61's Closings in
South Beach
Amenities
Key features
Living area
2,948 sqft
Maintenance
$ 0
Tax
$24,236 (2018)
Tenant Occupied
No
Parking Space
20
Floor #
0 / 2
Building
LINCOLN SUB
On market
1676 days
$ /sqft
$ 472
Type
apartment
Unit
-
Year Built
1939
Zip Code
33139
Ref./MLS ID
A10739294
DESCRIPTION
Development opportunity!4 plex on oversized lot with room to build new construction at rear. Lincoln road area of south beach. Existing building is comprised of( 2 )one bedroom one bath units and( 2) two bedroom one bath units, all with central ac. 40 year certification 2019 and electric updated in 2013. Hardwood floors and high ceilings throughout. Rents below market would rase with cosmetic improvement. Zoning for up to 10 units. New construction additional building allowed up to 3 stories. Perfect for high end boutique development, for leasing income, condos ,or end user as single family property. Units leased below market. $100,000. 00 total annual gross income from units and parking. Best priced opportunity in the area! 5% cap rate as-is, with much higher potential.
Data is provided by Miami Board of Realtors.
Public transportation
Alton Rd & 15 St
M
S
2 mins
Alton Rd & 16 St
M
S
2 mins
West Av & 15 Tr
123
3 mins
West Av & 15 Te
123
3 mins
Nearby School In South Beach
Data Provided by greatschools.org
Neighborhood
South Beach
- fashion
- beach
- ocean
- nightlife
- party
- restaurants
- bars
- condos
- ocean front homes
- luxury
- miami
Listed on September 17, 2019 by Lori Bakkum from Gary Hennes Realtors, this apartment is for sale. apartment for sale in South Beach listed at $1,390,000, Reference A10739294
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.