Miami Beach, FL 33139
$4,500,000
Property Type:
Commercial Sale
Square Footage:
6,802
Status:
Active
Current Price:
$4,500,000
List Date:
6/15/2026
Last Modified:
7/07/2026
Overview
Description
...
(Read more)
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.
Listing Details MLS# A12037030
General Property Information
- Number Of Buildings
- Yes
- Property Sub Type
- Multi Family
- Number Of Units Total
- 2
- Occupant Type
- Call Listing Agent
- Building Area Main
- 6802
- Year Built
- 1938
- Parking Total
- 8
- Lot Size Area
- 14000
- Lot Size Acres
- 0.32
- Stories Total
- Yes
Property Features
Listing Terms:
Cash; Conventional
Contract Information
- Comp Sale YN
- No
- Original List Price
- 4500000
Location and Legal
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- City Name
- Miami Beach
- Municipal Code
- 2
- State Or Province
- FL
- Postal Code
- 33139
- Postal Code +4
- 6027
- Subdivision Number
- 9
- Zoning
- 3900
- Flood Zone
- AE
Financial Information
- Tax Legal Description
- OCEAN BEACH ADD NO 3 PB 2-81 LOTS 12 & 13 BLK 86 LOT SIZE 100. X 140 OR 21313-0141 05/2003 1
Status Change Information
- Major Change Timestamp
- 2026-06-15T04:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-06-15
More Information
Description of Unit Type 1
- Unit Type
- 2 Bedroom
- Units Total
- 8
- Furnished
- Yes
- Annual Rent
- 2925
Description of Unit Type 2
- Unit Type
- 3 Bedroom
- Units Total
- 2
- Furnished
- Yes
- Annual Rent
- 4350
Price Calculations
- Current Price To SqFt
- 661.57
Section Details
- Parcel Number MLX
- 6540
Originating Details
- Originating System Key
- 513766790
- Originating System ID
- M00000151
Listing Office:
CBRE, Inc.
Last Updated: July - 07 - 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.
