1553 Jefferson Ave

    Miami Beach, FL 33139
    • $1,599,000
    • STATUS: Active
    • ON SITE: 27 days
    • MLS #: A10728218
    UPDATED: 57 min ago
    $1,599,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    32
    Type:
    Commercial
    Built:
    1935
    County:
    Area:
    32

    School Ratings & Info

    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.

    Monthly Payment Calculator



    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-09-20T11:41:44.733.
    www.groveproperties.com/homes/98241024

    1553 Jefferson Ave Miami Beach, FL 33139

    • Price: $1,599,000
    • Status: Active
    • Updated: 57 min ago
    • MLS #: A10728218
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1935
    Built
    Neighborhood:
    32
    County:
    Miami-Dade
    Area:
    32
    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.
    Exterior Features

    Construction Type Concrete Block Construction Num Parking Spaces 3 Parking Description Common Parking Road Type Description Two Lane Roof Description Barrel Roof

    Interior Features

    Ceiling Description Ceiling Height Varies

    Property Features

    Approximate Lot Size 50 X 150 Fire Protection Smoke Detector Location Of Property Central Business District Ownership Partnership Reo YN No Sale Includes Building & Land Short Sale Yn No Style Of Property Income Non-Waterfront Terms Considered All CashConventional/Refinance Typeof Property Income/MultiFamily

    Listing courtesy of The Keyes Company.


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-09-20T11:41:44.733.
     
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