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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
N/A
Lot size
N/A
Tax
$ /sqft
-
Half Bath/WC
-
Parking Space
20
Building
-
On market
1601 days
$ /sqft
-
Type
other
Year Built
1939
Unit
-
Zip Code
33139
Ref./MLS ID
A10783972
DESCRIPTION
Excellent development opportunity in desirable lincoln road location of miami beach. . Existing 2 story, 4 unit building with 40 year recertification 2019, and recent full electric update, throughout. All units with central ac, wood floors, high ceilings. Large 8000 sq ft lot with far for additional new construction residential building. Zoning allows new construction up to 10 units. Property currently used as residential income 4 apartments and up to 20 leased parking spaces for $100,000 annual gross income. Very limited land available in this location for sought after new construction. Units currently bring in $6700 month with parking extra. Cosmetic upgrades would elevate rents significantly. 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 December 09, 2019 by Lori Bakkum from Gary Hennes Realtors, this other is for sale. other for sale in South Beach listed at $1,390,000, Reference A10783972
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.