733 Michigan 733-737 Michigan Ave Immeuble residentiel 10 lots 3 942 990 € (394 299 €/Lot) Taux de capitalisation 5,50 % Miami Beach, FL 33139

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.

Beyond its current performance, the property’s unusually large, open site presents compelling long-term redevelopment and land value optionality—an increasingly scarce
attribute given the limited availability of comparable parcels in the immediate area. 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.

733 Michigan represents a rare opportunity to acquire a turnkey, “plug-and-play” multifamily asset—anchored by a truly irreplaceable site—with minimal near-term capital
requirements in one of the world’s most desirable and high-growth rental markets.