This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1604 Michigan Ave
Miami Beach, FL 33139
One Block to Lincoln Road · Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Steps to Lincoln road Mall
- All Large Studio Units
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 4,031 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1935 |
| Building Class | C | Parking Ratio | 0.5/1,000 SF |
| Zoning | RM-1 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,031 SF |
| No. Stories | 1 |
| Year Built | 1935 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | RM-1 |
ABOUT 1604 MICHIGAN AVE , MIAMI BEACH, FL 33139
1604 Michigan Avenue is a 10 unit apartment building located in the highly sought after Art Deco District of Miami Beach, Florida. The property was originally constructed in 1935 and is situated on an 8,000-square foot lot, with 4,031 square feet of rentable space. The building is comprised of ten studio apartments. The apartment building is only one short block away from Lincoln Road and resides in the heart of South Beach, which has seen increasing rents and high levels of demand from across the globe. South Beach, also known as Americas Riviera, is the most famous and tropical neighborhood in Miami. South Beach attracts those who want to enjoy the beautiful Atlantic Ocean, picturesque beaches, the non stop nightlife, excellent dining, designer hotels and internationally acclaimed shops. This opportunity gives an investor the ability to acquire 10 units in a highly desirable sub-market with limited inventory that has seen continual market appreciation and international demand.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | 430 |
PROPERTY TAXES
| Parcel Number | 02-3234-002-0020 | Improvements Assessment | $790,000 |
| Land Assessment | $960,000 | Total Assessment | $1,750,000 |
PROPERTY TAXES
