1544 Michigan Avenue, Miami Beach, FL 33139 | HotPads

$1,498,000

5 beds
4 baths
3,029 sqft

1544 Michigan Avenue
Miami Beach, FL 33139

House

Highlights
  • Updated 3 days ago
  • Lot, Garage, Attached Garage, Off Street
  • Central A/C
  • Deck
  • Dishwasher, Refrigerator, Microwave Oven
Description
Single Family Home located in the most desired location in South Beach. Just 2 blocks from Lincoln Road and on a quiet low traffic street. Best of all just 7 blocks from the Beach. This property is like a compound. There is a single family home that features 3 bedrooms and 2 full baths. One of the 3rd bedrooms has a separate entrance from the side of the home with one of the full baths. The first rental income opportunity. There are 2 guest houses out back. Each guest house is 1 bedroom with 1 bath. So another rental income opportunity. So I estimate with the main house and guest house - you could generate $14,000 in rental income. This equates to a gross return on investment of 9%. 8000 sq. ft. lot. and comes with parking for 6 vehicles. And, there is room for a pool.
Amenities
Property amenities
  • Attached Garage
  • Central Air Conditioning
  • Deck
  • Dishwasher
  • Flooring: Hardwood
  • Garage
  • Heating system: Forced air
  • MLS Listing ID: A10446147
  • Microwave Oven
  • Off Street Parking
  • Parking Lot
  • Refrigerator
  • Washer
  • Year Built: 1935
Pricing comparison
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At $1,498,000, this home is priced similarly to the current market rate for a 5 bedroom home in Flamingo Lummus.
Other 5 bedroom homes...
  • in Flamingo Lummus go for $1,498,000
  • in Miami Beach go for $2,426,760
  • in Miami-Dade County go for $1,101,471
  • in 33139 go for $2,681,420
  • Nearby schools
    4
    4
    5
    Students who live in this sale at 1544 Michigan Avenue attend the following Miami-Dade County School District (Unified School District) public schools:
    AllPrimaryMiddleHigh
    4
    out of 10
    Fienberg/Fisher K-8 Center
    Public
    Grades PK - 8
    0.5 miles
    5
    out of 10
    Nautilus Middle School
    Public
    Grades 6 - 8
    1.9 miles
    4
    out of 10
    Miami Beach Senior High School
    Public
    Grades 9 - 12
    0.8 miles
    Showing 3 of 3 schools.
    Disclaimer: Historically, GreatSchools ratings have been based solely on a comparison of standardized test results for all schools in a given state. As of September 2017, the GreatSchools ratings also incorporate additional information, when available, such as college readiness, academic progress, advanced courses, equity, discipline and attendance data. GreatSchools ratings are designed to be a starting point to help parents compare schools, and they should not be the only factor used in selecting the right school for your family. Learn more.
    Listing provided by MLS.
    Listing agent Darrell Burks 305-898-8198.
    Fair Housing and Equal Opportunity
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