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Miami Beach, FL 33139

Offering:
For Sale
Location:
Miami Beach, FL 33139
Status:
Active
$4,250,000
Details
Year built:
1950
Lot size:
7,500 sq ft
Levels:
Two
Stories:
2
Days on market:
22
Type:
Multi-family
MLS ID
A12037045
Virtual tour:
Listed by:
CBRE, Inc. (CINC01)
Listing office phone:
Listing office email:
Listing agent:
Periklis Synanidis (3363966)

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 currently available 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.
Price history
$4,250,000 → $4,250,000 · 1 price changes

Location

Miami Beach, FL 33139 Address hidden at the seller's request.
MLS information

Last updated Jul 7, 2026

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