No photos available
Offered at
$4,250,000
, Miami Beach, FL 33139
- 0
- Beds
- 0
- Full Baths
- 7,392
- Sq.Ft.
Listing courtesy of Periklis Synanidis, CBRE, Inc.
Property Description
1535 West Ave is an exceptionally rare, fully gut-renovated multifamily asset in the heart of South Beach. Simply put, the Property represents one of the most comprehensively upgraded Art Deco multifamily offerings currentlyavailable in this highly sought-after market.In addition, a sister property located at 733 Michigan Avenue—comprised of 10 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 $800,000 to transform the Property into a best-in-class rental asset, featuring high-end, condo-quality finishes throughout. 1535 West Ave consists of four (4) 2-bedroom / 1-bathroom units averaging $3,140 in current rents and four (4) 3-bedroom / 2-bathroom units averaging $4,463, all secured under 12-month leases. Given the level of renovation and unit finishes, the asset is well-positioned for a potential future condominium conversion, offering an additional monetization pathway.Strategically located at the epicenter of South Beach, the Property benefits from immediate proximity to the area’s premier demand drivers, including Lincoln Road, Ocean Drive, Collins Avenue, and Washington Avenue. South Beach remains one of the most supply-constrained multifamily submarkets in the United States, with significant barriers to entry and enduring global appeal.
Overview
At a glance
- Property Type
- Commercial Sale
- Property Sub-Type
- Multi Family
- Address
- , Miami Beach, FL 33139
- Zoning
- 3900
- MLS ID
- A12037045
- 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
- 7,392 sq.ft.
- Lot Size
- 7,500 sq.ft.
- Lot Size (Acres)
- 0.17 acres
- Stories
- 2
- Year Built
- 1950
- Zoning
- 3900
Financial
- List Price
- $4,250,000
- Original List Price
- $4,250,000
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Learn More →Information & Accuracy
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.