545 Michigan Ave | Miami Beach, FL 33139
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- LoopNet Team
545 Michigan Ave
Miami Beach, FL 33139
8 Unit Licensed Short Term Rental Building · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 8-unit building with short-term rental licenses
- 5 parking spaces
- Zoning allows for hotel, medical and office
- 4 one-bed/two-bath units and 4 studios
- CPS 2 commercial zoning – build up to 14,000 Sq. Ft.
- Steps from 5th Street gateway to South Beach
PROPERTY FACTS
| No. Units | 8 | Building Size | 5,466 SF |
| Property Type | Multifamily | Average Occupancy | 12% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1939 |
| Building Class | C | Parking Ratio | 0.63/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | CPS-2, Miami Beach - CPS2 commercial zoning – FAR 2.0, the property can be developed into a 14,000 SF building | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,466 SF |
| Average Occupancy | 12% |
| No. Stories | 2 |
| Year Built | 1939 |
| Parking Ratio | 0.63/1,000 SF |
| Zoning | CPS-2, Miami Beach - CPS2 commercial zoning – FAR 2.0, the property can be developed into a 14,000 SF building |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+2 | 4 | - | - |
| Studios | 4 | - | - |
PROPERTY TAXES
| Parcel Number | 02-4203-009-6260 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,489,994 |
PROPERTY TAXES
Parcel Number
02-4203-009-6260
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,489,994
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