1553 Jefferson Ave

    Miami Beach, FL 33139
    • $1,599,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: A10728418
    UPDATED: 53 min ago
    $1,599,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    32
    Type:
    Multi-Family
    Built:
    1935
    County:
    Area:
    32

    School Ratings & Info

    Description

    1553 Jefferson presents a unique opportunity for the investor or homeowner. The 7500 SF site contains a quadruplex and a residence just steps from Lincoln Road. Potential upside includes;Significant Vacant Land; Zoning allows a buildout of 9375 SF. Although the 2740 SF quadruplex is designated historic, the residence at rear is undesignated 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 2019-09-18T13:41:58.8.
    www.castellihomes.com/homes/98241026

    1553 Jefferson Ave Miami Beach, FL 33139

    • Price: $1,599,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: A10728418
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1935
    Built
    Neighborhood:
    32
    County:
    Miami-Dade
    Area:
    32
    Property Description
    1553 Jefferson presents a unique opportunity for the investor or homeowner. The 7500 SF site contains a quadruplex and a residence just steps from Lincoln Road. Potential upside includes;Significant Vacant Land; Zoning allows a buildout of 9375 SF. Although the 2740 SF quadruplex is designated historic, the residence at rear is undesignated 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 Cbs ConstructionSlab ConstructionStucco Exterior Construction Num Parking Spaces 5 Pool Description Automatic ChlorinationAuto Pool CleanBelow Ground PoolChild Gate Fence Pool Yn No Roof Description Barrel Roof Storm Protection Clear Impact GlassComplete Panel Shutters/AwningsPartial Panel Shutters/Awnings Style Fourplex Waterfront Property Yn No

    Interior Features

    Adjusted Sq Ft 5900 Cooling Description Ceiling FansPaddle FansWall/Window Unit Cooling Floor Description Marble FloorsTile FloorsWood Floors Heating Description Window/Wall

    Property Features

    Association Type None Cable Available YN Yes Information Available Investment AnalysisOther Available InformationRent RollsExisting Survey Lot Description Less Than 1/4 Acre Lot Property Type Information DetachedSubstantially RemodeledStairs Rent Includes Lawn CarePest ControlSewerTrash RemovalWater Reo YN No Section 34 Separate Meter Yn Yes Sewer Description Municipal Sewer Short Sale Yn No Subdivision Complex Bldg Lincoln Road Tax Amount 23888 Tax Information Tax Reflects City & County Tax Tax Year 2018 Terms Considered All CashConventional Typeof Property Fourplex Water Description Municipal Water Year Built Description Effective Year Built

    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 2019-09-18T13:41:58.8.
     
    Castelli Real Estate Services
    2227 Wilton Drive
    Fort Lauderdale FL, 33305