Multifamily in Miami Beach, FL 33139Lincoln, 1553 Jefferson Ave
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Closed
$1,000,000
3,902
SqFtStatus
Sold - Jan 14, 2021
Size
3,902 SqFt (363 m2)
Price
$256/SqFt ($2,759/m2)
Type
Multifamily
Built
1935
MLS Number
A10893350
On Site
2252 Days
Updated
18 Days ago
Page Views
0
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.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
- Exterior Features: StormSecurityShutters
Interior, Heating and Cooling
- Heating Description: Central,WallFurnace
- Cooling Description: CentralAir, WallWindowUnits
Building and Construction
- Floor Description: Hardwood,Marble,Wood
- Windows/Treatment: ImpactGlass
- Year Built: 1935
- Year Built Description: Effective Year Built
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2020-07-15T16:39:22.000-00:00
Taxes, Fees & More
- Taxes: 21386
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
09/21/2020
Listed
$1M
 $256 ft2
$2,759 m2
09/21/2020
$1M
Event
Listed
Price Per
$256 ft2
$2,759 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Neal Deputy • The Keyes Company • Buyer Agency Compensation .
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Scores
96
100
57
100
82
100
78
100
0
100
27
100
3
100
Community Snapshot
$2.7M – $4.3M
Price Tier
435 - 10,334
SqFt Range
1938
Year Build
2
Total Floors
174
Total Units
Subdivision Amenities
Controlled Access
Laundry
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