New Construction
Address
1553 Jefferson Ave Miami Beach, FL
Price
$ 1,299,000
Property Attributes
  • MLS#A10893764
  • TypePending
  • CountyMIAMI-DADE
  • CityMiami Beach
  • Area32
  • NeighborhoodLINCOLN SUB
  • Zip33139
  • StyleMultiFamily
  • Taxes21386
  • Price$ 1,299,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1998
  • Lot Size7,405 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 & 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 & pro formas.

Price History
7/16/2020 Listed $1,399,000
9/21/2020 8% - $1,299,000

General Features

Current Use Commercial
MLS Area 32
Property SubType MultiFamily
Property Type Land
Sewer PublicSewer
Zoning Description 3900

Interior Features

Living Area 1998.0

Exterior Features

Building Area Total 1998.0
Covered Spaces 0.0
Lot Features Item1Acre
Lot Size Acres 0.17
Lot Size Area 7500.0
Lot Size Square Feet 7500.0
Number of Lots 1
Road Surface Type Paved
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
97
Walkscore
AVG 86
95
Data Provided by Walkscore ® not using MLS data