Opis nieruchomości — ta nieruchomość

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.

Opis oryginalny z MLS (w języku angielskim).

Szczegóły nieruchomości — ta nieruchomość

Basen prywatny

Nie

Informacje o budynku — ta nieruchomość

Powierzchnia budynku

6802

Jednostka powierzchni

Stopy kwadratowe (sq ft)

Kondygnacje

1

Liczba kondygnacji

1

Wspólnota (HOA)

Nie

Informacje o działce i budowie — ta nieruchomość

Powierzchnia działki (sq ft)

14,000

Nad wodą

Nie

Widok

Nie

Nowe budownictwo

Nie

Dane z rejestrów publicznych — ta nieruchomość

Numer działki (folio)

02-42-03-009-6540

Opis prawny (rejestr)

OCEAN BEACH ADD NO 3 PB 2-81 LOTS 12 & 13 BLK 86 LOT SIZE 100. X 140 OR 21313-0141 05/2003 1

Strefa zagospodarowania

3900

Hrabstwo

Hrabstwo Miami-Dade

Lokalizacja