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Pinnacle Real Estate Group – FL

845 Michigan Avenue, Miami Beach, FL 33139 (MLS# A11896191)

845 Michigan Avenue, Miami Beach, FL 33139

$2,999,999
Property Type: Commercial Sale Square Footage: 8,128 Status: Active
Current Price: $2,999,999 List Date: 10/14/2025 Last Modified: 8/26/2026

Overview

Description

Don't pass this opportunity to purchase this fully occupied 12-Unit Art Deco Building in Prime South Beach Location! Perfectly situated in one of the hottest areas of South Beach. The property features a gated entrance & a charming front courtyard that captures the essence of Miami Beach living. The complex has 3 separate entrances. Each building has 4 apartments: Building 845: (2) One-Bedroom/One-Bath Units (600 sq ft each unit) + (2) Large Studios (500 sq ft each unit), Building 847: (4) Large Studios (500 sq ft each unit), Building 849: (2) One-Bedroom/One-Bath Units (600 sq ft each unit) + (2) Large Studios (500 sq ft each unit), Community Laundry on the 1st Floor & Street parking residential only. This property offers incredible potential to hold as a strong income-producing investment. Located within walking distance to the beach & in proximity to shopping, dining, & entertainment.

Listing Details MLS# A11896191

General Property Information

Number Of Buildings
3
Property Sub Type
Multi Family
Number Of Units Total
2
Occupant Type
Call Listing Agent
Building Area Main
8128
Year Built
1947
Lot Size Area
7000
Lot Size Acres
0.16
Stories Total
2

Property Features

Building Features: Exterior Lighting Ceiling: Insulated Common Area Maintenance Includes: Sewer; Water Documents Available: Copy Of Lease(s) Electric: 110 Volts; 220 Volts Flooring: Ceramic Tile Heating: None Location of Property: Beach Access; City Location Parking Features: On Street Possession: Close Of Escrow; Negotiable Sale Includes: Building; Land; Leases Source Of Expenses: Books Tenant Pays: Electricity; Interior Electric; Telephone Construction Materials: CBS Cooling: Wall/Window Unit(s) Listing Terms: Cash; Conventional Lot Features: Landscaped Rail Description: No Rail Service Road Frontage Type: City Street Traffic Type: Auto; Pedestrian; Heavy Security Features: Security Lights Sewer: Public Sewer Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
3400000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
845
Street Name
Michigan
Street Suffix
Avenue
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Code +4
5643
Area
2420
Parcel Number
0242030096670
Subdivision Number
9
Multiple Offers Accepted
No
Zoning
3900
Flood Zone
AE
Directions
FROM 395 GO EAST TO ALTON RD, MAKE A LEFT, GO UP TO 8TH ST. MAKE RIGHT AND GO STRAIGHT TILL YOU COME TO MICHIGAN AVE. MAKE LEFT. PROPERTY IS ON THE EAST SIDE
Property Description
Apartment Building

Financial Information

Tax Annual Amount
39396
Tax Year
2025
Tax Legal Description
OCEAN BEACH ADD NO 3 PB 2-81 LOT 13 BLK 87 LOT SIZE 50.000 X 140 OR 13186-543 0287 1 COC 26185-0468 12 2007 1

Status Change Information

Major Change Timestamp
2026-01-05T21:15:54Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-01-05T21:15:54Z
Status Change Date
2025-10-15

More Information

Building and Property Details

Improvement Height
2 Stories

Income and Expenses

Occupancy Percentage
100

Description of Unit Type 1

Unit Type
1 Bedroom
Units Total
4
Furnished
No
Annual Rent
1800

Description of Unit Type 2

Unit Type
Efficiency
Units Total
8
Furnished
No
Annual Rent
1500

Price Calculations

Current Price To SqFt
369.09

Section Details

Parcel Number MLX
6670

Originating Details

Originating System Key
421853718
Originating System ID
M00000151
IDX
Listing Office: One Stop Realty
Source MLS Verified
Last Updated: August - 26 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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