x
New Construction
Address
1553 Jefferson Ave Miami Beach, FL
Price
$ 1,499,000
Property Attributes
  • MLS#A10728418
  • TypePending
  • CountyMIAMI-DADE
  • CityMiami Beach
  • Area32
  • NeighborhoodLincoln Road
  • Zip33139
  • StyleFourplex
  • Year Built1935
  • Taxes23888
  • Price$ 1,499,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
The Keyes Company
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Property Description

1553 Jefferson presents a unique opportunity for the investor or homeowner. The 7500 SF site contains a quadruplex and a residence just steps from Lincoln Road. Potential upside includes; Significant Vacant Land; Zoning allows a buildout of 9375 SF. Although the 2740 SF quadruplex is designated historic, the residence at rear is undesignated and can be demo'd or augmented for a total additional 6635 SF of new construction. Unit Mix; All Quadruplex units are ~700 SF. Two have already been converted into 2BR units significantly increasing rents and desirability. 2BR rental units are increasingly difficult to find in this area and command a premium price. Under Market Rents; Rents are currently 25% below market. All MTM. See attached OM for various development scenarios and pro formas.

Price History
8/23/2019 Listed $1,599,000
10/7/2019 7% - $1,499,000

General Features

Flooring Hardwood, Marble, Tile, Wood
Levels Two
MLS Area 32
Property SubType Quadruplex
Property Type Residential Income
Subdivision Name Lincoln Road
Terms Cash, Conventional
Zoning Description RM-1

Interior Features

Air Conditioning Y/N Yes
Cooling Ceiling Fan(s), Wall/Window Unit(s)

Exterior Features

Architectural Style Fourplex
Construction Materials Block, Stucco
Foundation Details Slab
Lot Features < 1/4 Acre
Pool Features Cleaning System, In Ground, Other
Roof Barrel
Sewer Public Sewer
Total Parking 5
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33139

Price
AVG $440K
$1.5M
Taxes
AVG $5,274
$23,888
Visits
AVG 23
32
Year Built
AVG 1971
1935
Walkscore
AVG 89
93
Data Provided by Walkscore ® not using MLS data