|1553 Jefferson Ave||0||0||Income||N/A||1935||LINCOLN SUB...||N/A||$1,399,000|
|1326 16th Street||0||0||Income||2210||1926||ALTON BEACH BA...||$674||$1,490,000|
|1529 Jefferson Ave||0||0||Income||N/A||1936||LINCOLN SUB...||N/A||$1,690,000|
|344 Euclid Ave||0||0||Income||3798||1924||THE FOUNTAIN C...||$566||$2,150,000|
|1561 West Ave||0||0||Income||3873||1954||COMMERCIAL SUB...||$594||$2,300,000|
|1604 Pennsylvania Ave||0||0||Income||6540||1932||LINCOLN SUB...||$396||$2,590,000|
|944 Jefferson Ave||0||0||Income||6722||1957||OCEAN BEACH AD...||$394||$2,650,000|
|829 4th St||0||0||Income||2053||1952||OCEAN BEACH AD...||$1315||$2,700,000|
|932 Lenox Ave||0||0||Income||2522||1936||LENOX MANOR...||$1090||$2,750,000|
|1619 Pennsylvania Ave||0||0||Income||4018||1934||Lincoln Sub...||$722||$2,899,000|
0 Bed/ 0 Bath/ 0 Half Bath
1553 Jefferson Ave,
Miami Beach, FL. 33139
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.Courtesy of The Keyes Company
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