
Listed by The Corcoran Group Miami Beach
$4,250,000
Multifamily Investment Opportunity $395K/unit
Details
APN 02-32-34-002-1310
Property Type Multifamily, Office
Sub Type Traditional Office, Commercial Condo
Square Footage 10,334
Units 12
Cap Rate 5.00%
NOI $233,896
Occupancy 100%
Class B
Year Built 1957
Year Renovated 2023
Buildings 1
Stories 2
Lot Size (SqFt) 7,500
Zoning 3900
Parking Spaces 0
Multifamily investment - Miami Beach 5% Cap Rate
Marketing description
If you are an investor looking for the opportunity to own a multifamily rental income, 1561 Jefferson Avenue is the building for you. Expertly designed by a renowned Australian architect with interiors by Studio de la Vega, the building recently underwent a complete 2-year renovation of all mechanical and electrical wiring, plumbing, insulation, and flooring. The property features modern, bright, and open living spaces ranging from 450 to 895 square feet. Every unit is equipped with essential hurricane-impact windows, in-unit washer/dryer combos, refrigerators and dishwashers. This property sits in a fantastic location of South Beach living, culture, dining, and lifestyle. This is the investment of a lifetime in one of the most important cities in the country. With top CEOs relocating to take advantage of Florida’s magnificent weather and favorable tax climate, this is a rare gem. Located only six blocks from the Atlantic Ocean, this asset is perfectly primed for a future condo conversion, offering a high-margin exit strategy in the world’s most coveted real estate market. This is a turn-key opportunity in a prime location where people want to live. This 12-unit property is just half a block from the famous Lincoln Road, a mile-long promenade with over 60 incredible restaurants and bars stretching from Collins Avenue to Biscayne Bay. Residents are just blocks from the 36-acre Flamingo Park, which offers a new football field, track, 17 tennis courts, and a pool. Call now.
Listing Contacts

Listed by The Corcoran Group Miami Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$233,896.00
$19,491.33/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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