1032 Michigan Ave
Miami Beach, FL 33139
Casa Gaby Apartments · Multifamily Property For Sale · 5 Units

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 1032 Michigan Avenue, “Casa Gaby”, in Miami Beach, FL (the “Property”). The two-story building contains two (2) 4-Bedroom/2-Bathroom units and three (3) 1-Bedroom/1-Bathroom units with 4,552 square feet of gross living area and 4,985 square feet of gross area. The Property is situated upon a 0.23- acre parcel and offers street parking. 1032 Michigan Avenue is strategically located along Michigan Avenue in the heart of Miami Beach, providing excellent visibility and convenient access to surrounding neighborhoods. The property offers quick connections to major routes such as Alton Road, the MacArthur Causeway, and I-95, ensuring efficient regional access to Downtown Miami, Brickell, and Miami International Airport. Nearby retail, dining, and recreational amenities further enhance livability and tenant appeal. UNIQUE MULTI-USE OPPORTUNITY – MIAMI BEACH This property presents a rare combination of a superior unit mix with amenities and future flexibility. It is presently operating as a short term rental building with the future flexibility of operating as corporate rentals or long term rentals. However, what sets this building apart is its ability “as-of-right” to operate as a licensed short-term rental property in Miami Beach. Given the city’s restrictive short-term rental policies, very few properties qualify for this use without the need for variances or special approvals. This flexibility allows an investor to continue benefitting from reliable multifamily income today, while retaining the option to reposition the asset into a higher-yield short-term rental operation. This dual-use potential makes the property an exceptional investment opportunity—balancing steady cash flow with the upside of a rare and highly sought-after use category in Miami Beach.