No photos available
Offered at
$4,500,000
, Miami Beach, FL 33139
- 0
- Beds
- 0
- Full Baths
- 6,802
- Sq.Ft.
Listing courtesy of Periklis Synanidis, CBRE, Inc.
Property Description
733 Michigan is an exceptionally rare, fully gut-renovated multifamily asset situated on an oversized double lot in the heart of South Beach. Simply put, the Property represents a one-of-a-kind South Beach asset and one of the most comprehensively upgraded Art Deco multifamily offerings currently available in this highly sought-after market.The site’s expansive footprint stands in sharp contrast to the densely built, smaller-parcel properties that define the surrounding area, offering a scale and openness rarely encountered in this submarket. In addition, a sister property located at 1535 West Avenue—comprised of 8 similarly renovated units—is available for acquisition either individually or as part of a portfolio, providing investors with immediate scale and operational efficiencies.Ownership has invested over $860,000 to transform the Property into a best-in-class rental asset, featuring high-end, condo-quality finishes throughout. 733 Michigan consists of eight (8) 2-bedroom / 1-bathroom units averaging $2,925 in current rents and two (2) 3-bedroom / 2-bathroom units averaging $4,350, most secured under 12-month leases. All units are fully furnished. Given the level of renovation and unit finishes, the asset is well-positioned for a potential future condominium conversion, offering an additional monetization pathway atop strong in-place cash flow.
Overview
At a glance
- Property Type
- Commercial Sale
- Property Sub-Type
- Multi Family
- Address
- , Miami Beach, FL 33139
- Zoning
- 3900
- MLS ID
- A12037030
- Listing Date
- 2026-06-15
- Last Updated
- 7/7/2026, 1:40:12 PM
- Days on Market
- 41
Features & Amenities
The Details
Details
- Building Area
- 6,802 sq.ft.
- Lot Size
- 14,000 sq.ft.
- Lot Size (Acres)
- 0.32 acres
- Stories
- 1
- Year Built
- 1938
- Zoning
- 3900
Financial
- List Price
- $4,500,000
- Original List Price
- $4,500,000
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All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.