New Construction - Seller Financing
Address
1553 Jefferson Ave Miami Beach, FL
Price
$ 1,299,000
Property Attributes
  • MLS#A10893075
  • TypePending
  • CountyMIAMI-DADE
  • CityMiami Beach
  • Area32
  • Zip33139
  • StyleMultiFamily
  • Year Built1935
  • Taxes21386
  • Price$ 1,299,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3902
  • Lot Size7,500 SqFt
Listing Provided Courtesy Of:
The Keyes Company
Property Description

1553 Jefferson presents a unique opportunity for the builder or investor. The 7500 SF site contains a Fourplex and a Detached Single Family Home steps from Lincoln Road. Potential upside includes; Significant Vacant Land; Zoning allows a buildout of 9375 SF. Although the 3,300 SF Fourplex is designated historic, the House at rear is undesignated and can be demo'd or added to for a total additional 6,200 SF of new construction. Unit Mix; All Fourplex units are ~800 SF. Two have 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
7/15/2020 Listed $1,399,000
9/21/2020 8% - $1,299,000

General Features

Cooling CentralAir, WallWindowUnits
Heating Central, WindowUnit, WallFurnace
Levels Two
MLS Area 32
Property SubType MultiFamily
Property Type CommercialSale
Roof Barrel
Sewer PublicSewer
Structure Type Apartment
Terms Cash, OwnerWillCarry
Zoning Description 3900

Interior Features

Air Conditioning Y/N Yes
Living Area 3902.0

Exterior Features

Building Area Total 3902.0
Covered Spaces 0.0
Lot Size Area 7500.0
Lot Size Square Feet 7500.0
Number of Buildings 2
Number of Separate Electric Meters 6
Road Frontage Type CityStreet
Total Parking 3.0
Water Source Public
Waterfront Y/N No

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 $400K
$1.3M
Taxes
AVG $14,497
$21,386
Visits
AVG 33
91
Year Built
AVG 1971
1935
Walkscore
AVG 86
95
Data Provided by Walkscore ® not using MLS data