winner realty and investments

Winner Realty and Investments customer login twitter facebook rss contact property search area info from Winner Realty relocation form commercial sales value your home with Winner Realty buying or selling from Winner Realty property management

1536 Michigan Ave,  Miami Beach FL, 33139

(Active)
$1,390,000
|
2,948 sqft
|
MLS# A10739294
1of
Full Screen Photos
Photos
Map
Last Updated: 2/28/2020 9:25 PM
Description for 1536 Michigan Ave Miami Beach, FL 33139
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.
Price
$1,390,000
LINCOLN SUB
Miami-Dade County
2,948 (approx)
A10739294
Active
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.
Listing Information
Property Type: Fourplex, 2 Story
8,000 Acres 2,948 (approx) 1939
2 Block
LINCOLN SUB
Public Sewer
Neighborhood
Room Information
Interior Features
Wood
Central Air
Other, Central
Exterior / Lot Features
20 Parking Spaces, 0 Covered Parking Spaces, 20 Space(s)
Block
Tile, Flat
None
< 1/4 Acre
Financial Considerations
$24,236
Cash,Conventional,Owner Will Carry,Owner May Carry
Listing Price History

Miami Beach Real Estate

Miami Beach is located in Florida. Miami Beach, Florida 33139 has a population of 89,941.

The median household income in Miami Beach, Florida 33139 is $52,038. The median household income for the surrounding county is $43,804 compared to the national median of $50,013. The median age of people living in Miami Beach 33139 is 40 years.

Loading nearby sales and history ...
Courtesy: Gary Hennes Realtors
The information being provided on this website is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of data on this site, other than by a consumer looking to purchase real estate, is prohibited. The data relating to real estate for sale on this web site comes in part from the IDX Program of the MLS service of the South Broward Board of REALTORS®. Real estate listings held by brokerage firms other than the owner of this site. are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. Copyright 2020, South Broward Board of REALTORS®. All rights reserved.
This content last refreshed on 2/28/2020 9:25 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation
 
Call 1-800-Win-Relo (954) 438-4946      email@WinRelo.Com
Steve Winner reviews
Pembroke Pines on Zillow

© 2017 Winner Realty and Investmets - All rights reserved