Renovated Studio Apartment
For Sale
Contact for pricing
1604 Michigan Ave, Miami Beach, FL 33139
Ten fully renovated studio units in a 1935 apartment building on an 8,000-square-foot lot.
Property Size4,031 SF
Lot Size0.18 Acres
Days on Market143
Property Features for 1604 Michigan Ave
General Information
Standard status
Active
Size
4,031 SF
Lot size
0.18 Acres
Property subtype
Multifamily
Additional Details
Cap Rate
4.7%
Multifamily Units
10
Building Details
Year Built
1935
Tenancy
Multi
Listing Agency:
Porosoff Group
(305) 209-8866
Listed By:
Arthur Porosoff · License #3160379
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 4:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Porosoff Group
Investment Insights
Based on property information with market context.
1604 Michigan Ave is a 10-unit apartment building originally constructed in 1935. The property offers ten studio apartments, each reported as fully renovated with new kitchens, appliances, air conditioning units, and bathrooms. The building provides 4,031 square feet of rentable space and is situated on an 8,000-square-foot lot.
Located in the Art Deco District of Miami Beach, the property is described as one short block from Lincoln Road and positioned in the heart of South Beach.
This multifamily asset is configured as all-studio units and is presented as move-in ready based on the stated renovation scope throughout the building.
Located in the Art Deco District of Miami Beach, the property is described as one short block from Lincoln Road and positioned in the heart of South Beach.
This multifamily asset is configured as all-studio units and is presented as move-in ready based on the stated renovation scope throughout the building.
Key Highlights
- 10‑unit apartment building originally constructed in 1935
- Ten fully renovated studio apartments with new kitchens, appliances, air conditioning units, and bathrooms
- 8,000‑square‑foot lot with 4,031 square feet of rentable space
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,213
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Ten fully renovated studio units in a 1935 apartment building on an 8,000-square-foot lot.
Where is this apartment building located?
The property is located at 1604 Michigan Ave Miami Beach, FL.
What are key features of this property?
This property features: 10‑unit apartment building originally constructed in 1935; Ten fully renovated studio apartments with new kitchens, appliances, air conditioning units, and bathrooms; 8,000‑square‑foot lot with 4,031 square feet of rentable space
