Fantastic 12 Unit Multifamily in South Beach

Real Estate

 aria view of 1537 Jefferson

 

(4) 1 bedroom / 1 baths + (8) studios
o  6,729 sq/ft, 7,500 sq/ft lot
o  Built in 1950
·     100% occupied with well screen tenants
·     Great Curb Appeal and Well Maintained Units
·     1.5 blocks from World Renowned Lincoln Road
·     Building has clear title + 40 year re-certification.
·     Very high barrier to entry to break into the boutique multifamily market
·     Is truly a unique building, in the South Beach Historical District
Miami Beach apartment buildings have one of the lowest in Miami-Dade (about 3%) and rents are increasing through the roof.

1619 Meridian Ave Miami Beach, Fl 33139 sold for 2,660,000 on 1/17/2017 for 2,660,000
12 unit Adjust Area: 5,969 sq/ft (a lot smaller than 1537 Jefferson) / Lot size: 7,500
****EXTREMELY SMALL UNITS, Price Sq/ft: $445.64 (VERY HIGH)

 

948 Meridian Ave: sold for $3,057,600 on 02/2/16
12 unit Adjusted Area: 7701 sq ft / Lot Size: 7,000 sq ft

 

1110 Pennsylvania Ave sold for $2,758,300 on 02/2/16
12 unit Adjusted Area: 6956 sq ft / Lot Size: 7,000 sq ft

 

1326 Pennsylvania Ave: sold for $2,791,900 on 02/2/16
12 unit Adjusted Area: 7040 sq ft / Lot Size: 7,000 sq ft

 

1135 8th St sold for $2,893,900 on 02/2/16
12 unit Adjusted Area: 7295 sq ft / Lot Size: 6,850 sq ft

 

1025 Meridian Ave sold for $2,823,600 on 02/2/16
12 unit Adjusted Area: 7166 sq ft / Lot Size: 7,000 sq ft

 

715 Michigan Ave: sold for $3,144,00 on 02/2/16
10 unit Adjusted Area: 7290 sq ft / Lot Size: 7,000 sq ft

 

951 Jefferson Ave sold for $2,188,900 on 02/2/16
8 unit Adjusted Area: 5,512 sq ft / Lot Size: 7,000 sq ft

 

1200 Pennsylvania Ave: sold for $2,925,000 on 5/11/2015
13 unit Adjusted Area: 7220 sq ft / Lot Size: 7,000 sq ft

 

For full listing information and pictures -  please click on 1537 Jefferson Avenue 

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DARRELL BURKS AT 305-898-8198