x
New Construction
Address
1553 Jefferson Ave Miami Beach, FL
Price
$ 1,499,000
Property Attributes
  • MLS#A10728218
  • TypePending
  • CountyMIAMI-DADE
  • CityMiami Beach
  • Area32
  • Zip33139
  • StyleMulti Family
  • Price$ 1,499,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,500 SqFt
Listing Provided Courtesy Of:
The Keyes Company
Listen to audio description
Property Description

1553 Jefferson presents a unique opportunity for the builder or investor. The 7500 SF site contains a quadruplex and a home just steps from Lincoln Road. Potential upside includes; Significant Vacant Land; Zoning allows a build-out of 9375 SF. Although the 2740 SF quadruplex is designated historic, the residence at rear is un-designated 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

Levels Two
MLS Area 32
Property SubType Multi Family
Property Type Commercial Sale
Security Features Smoke Detector(s)
Terms Cash, Conventional
Total Units 5

Exterior Features

Construction Materials Block
Lot Size Square Feet 7500
Number of Buildings 2
Number of Separate Electric Meters 5
Parking Features Common
Roof Barrel
Total Parking 3

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
Visits
AVG 23
51
Year Built
AVG 1971
1935
Walkscore
AVG 89
93
Data Provided by Walkscore ® not using MLS data