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South Beach Apartment with Modern Finishes
For Lease
$3,600/Mo

940 Michigan Ave 4, Miami Beach, FL 33139

Spacious 2 bed/2 bath apartment in the heart of South Beach.

Space SizeContact for details
Days on Market114

Property Features for 940 Michigan Ave 4

General Information

Standard status Active
Property subtype Multi Family

Building Details

Year Built 1955
Listing Agency: Sell It Realty, LLC.
Listed By: Adi Gal · License #3230219
Source: Elliman
Added: Apr 16 Changed: Jul 10 Last Checked: Aug 7 at 5:30AM

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 Sell It Realty, LLC.

Investment Insights

Based on property information with market context.

This 2-bedroom, 2-bathroom apartment is located in the heart of South Beach. The unit features high ceilings, central AC, and sliding impact windows with window dressings in all rooms. Blackout shades are installed in the bedrooms. Plank floors run throughout the apartment, and the Carrara bathroom includes a full wall mirror. The kitchen is equipped with white quartz countertops, white soft-close cabinetry, and top-of-the-line Frigidaire stainless-steel appliances, including a refrigerator, dishwasher, electric range, and microwave. The building is pet-friendly. The location is considered very bikeable with a bike score of 71, a walker's paradise with a walk score of 92, and has good transit with a transit score of 59. The unit is very spacious with lots of natural light.

Key Highlights

  • Prime South Beach location (walkScore: 92)
  • Modern finishes: white quartz countertops, soft‑close cabinetry, stainless‑steel Frigidaire appliances
  • Spacious with lots of natural light and high ceilings

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Veterinary Clinic Restaurant Nursing Home Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

6,044
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Spacious 2 bed/2 bath apartment in the heart of South Beach.
Where is this multifamily property located?
The property is located at 940 Michigan Ave 4 Miami Beach, FL.
What is the lease rate?
The lease rate is $3,600/Mo.
What are key features of this property?
This property features: Prime South Beach location (walkScore: 92); Modern finishes: white quartz countertops, soft‑close cabinetry, stainless‑steel Frigidaire appliances; Spacious with lots of natural light and high ceilings
More about this property
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