940 8th St
Miami Beach, FL 33139
Michigan Garden Apartments · Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Building Size | 5,580 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 0.9/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | RM-1 - Residential Multi-Family, Low Intensity District | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,580 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | RM-1 - Residential Multi-Family, Low Intensity District |
About 940 8TH ST , MIAMI BEACH, FL 33139
Michigan Gardens Apartments are ideally located in the heart of South Beach on the corner of Michigan Avenue and 8th Street. This property sits three blocks from Flamingo Park, and just six blocks away from the beach. The property is located near Lincoln Road, the Miami Beach Convention Center and some of South Beach’s most iconic resorts, such as The Clevelander, The Mondrian South Beach, and the infamous Gianni Versace House. Flamingo Park is a 36.5-acre park which includes two baseball fields, a football field, 19 tennis courts, two basketball courts, a dog park and an aquatic center. The park offers a variety of programs and activities for both children and adults. Michigan Gardens Apartments was originally constructed in 1940 and consists of 12 legal apartments, 5,580 square feet of adjusted living area and a 7,000-square foot lot. The property is comprised of two efficiencies, eight studios, and two one-bedroom | one-bathroom units. All units have been recently renovated with upgraded bathrooms, kitchens and bedrooms. Each unit features wood floors, electric appliances and wall air conditioning units. The property also includes five parking spaces which is a rare amenity in South Beach.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 422 - 602 |
| 1+1 | 2 | - | 422 - 602 |
Property Taxes
| Parcel Number | 02-4203-009-6570 | Improvements Assessment | $690,000 |
| Land Assessment | $1,400,000 | Total Assessment | $2,090,000 |
Property Taxes
