Frank Evans - Preferred Properties Int'l Realty, Inc Logo
$4,500,000
 $24,157 est/mo Sourced by Back At You

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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 Avenuecomprised of 8 similarly renovated unitsis 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.

Details

MLS #A12037030
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1938
Days On Site79
Listing Provided ByCBRE, Inc. | Periklis Synanidis

Features

SQ Feet6,802
Story(s)1
Units2
Building(s)1
Zoning3900
Acreage0.32

Area Information

StateFL
CountyMiami Dade
CityMiami Beach
Zip Code33139
Area2420
Listing VS Median (in 33139)
Price:
$4,500,000
low | high
Med:
$61,250
100% of Average
sqft:
6,802
low | high
Med:
1,754
100% of Average
$ / sqft:
$662
low | high
Med:
$35
100% of Average
On site:
79
low | high
Med:
65
100% of Average
Sourced by Back At You

Market Activity 33139

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The information is being provided by Beaches MLS. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Beaches MLS. All Rights Reserved.

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Learn More About This Property

Frank Evans

Frank Evans

Preferred Properties Intl Realty Inc

BK3280715 (954) 684-6157frank@preferredpropertiesint.com
StateFL
CountyMiami Dade
CityMiami Beach
Zip Code33139
Area2420
Listing VS Median (in 33139)
Price:
$4,500,000
low | high
Med:
$61,250
100% of Average
sqft:
6,802
low | high
Med:
1,754
100% of Average
$ / sqft:
$662
low | high
Med:
$35
100% of Average
On site:
79
low | high
Med:
65
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $3.375M - $5.625M
sqft: 5,000 - 8,500
Nearby Listings Property ImageNearby Listings Details
1000 7th St Property Photo 1
$4,400,000
1000 7th St
Miami Beach, FL 33139
1000 7th Street Property Photo 1
$4,400,000
1000 7th Street
Miami Beach, FL 33139
1000 7th Street Property Photo 1
$4,400,000
1000 7th Street
Miami Beach, FL 33139
1000 7th Street Property Photo 1
$4,400,000
1000 7th Street
Miami Beach, FL 33139
625 MICHIGAN Avenue Property Photo 1
$2,200,000
625 Michigan Avenue
Miami Beach, FL 33139
Listing Updated: July 9, 2026 at 7:21:23 PM PDT

Frank Evans - Preferred Properties Int'l Realty, Inc