Property Details

0 Bed/ 0 Bath/ 0 Half Bath
0 SqFt
1553 Jefferson Ave,
Miami Beach, FL. 33139

  • Subdivision: LINCOLN SUB
  • Community: LINCOLN SUB
  • Total SqFt: 5900
  • Year Built: 1935
  • MLS ID: A10893350
  • HOA Fee:
  • Taxes : 21386
  • Price per Square Foot: $0.00
  • Listed on: 2020-07-15
  • Status: Active


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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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