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• 6,802 sqft

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.

Listing Status:

Active

Date Added:

June 15, 2026

Data Last Updated:

August 6, 2026 at 7:19AM

Listing Office:

CBRE, Inc. : 954-462-5655

Listing Agent:

Periklis Synanidis : 352-278-7572

MLS ID:

A12037030

Exterior

• Parking: Parking spaces: 8

Construction

• General: 1

Location

• Originating MLS: BEACH_MIAMI
• County: Miami-Dade

Lot

• Zoning: 3900OCEAN BEACH ADD NO 3 PB 2-81 LOTS 12 & 13 BLK 86 LOT SIZE 100. X 140 OR 21313-0141 05/2003 10242030096540

Financial

• Source: BEACH_MIAMI