Address not disclosed, Miami Beach, FL 33139
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Address not disclosed, Miami Beach, FL 33139
Address not disclosed, Miami Beach, FL 33139
Address not disclosed, Miami Beach, FL 33139
Address not disclosed, Miami Beach, FL 33139
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 4,250,000
Est. payment /mo
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Active

Address not disclosed Miami Beach, FL 33139

7,392 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,392 sqft

Price per Sqft $574

MLS Listing ID A12037045

HOA Y/N No

Year Built 1950

Lot Size 7,500 Sqft

Property Sub-Type Multi Family

Property 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.

Location

State FL

County Miami-dade

Area 32

Exterior

Private Pool Yes

Building

Story 2

Level or Stories Two

Others

Tax ID 02-32-34-018-0620

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12037045

Miami Association of Realtors (SEFMIAMI MLS)
Listed by CBRE, Inc.
Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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