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1553 Jefferson Ave
Out Of Market
Recommend
Out Of Market
153
Home61's Closings in
South Beach
Amenities
Key features
Living area
N/A
Maintenance
$ 0
Tax
$23,888 (2018)
Tenant Occupied
No
Parking Space
5
Floor #
0 / 2
Building
Lincoln Road
On market
1700 days
$ /sqft
-
Type
apartment
Unit
-
Year Built
1935
Zip Code
33139
Ref./MLS ID
A10728418
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.
Data is provided by Miami Board of Realtors.
Public transportation
Meridian Av & Lincoln Rd
A
2 mins
Alton Rd & 15 St
M
S
4 mins
Alton Rd & 16 St
M
S
4 mins
17 St & Jefferson Av
117
A
M
S
4 mins
Nearby School In South Beach
Data Provided by greatschools.org
Neighborhood
South Beach
- fashion
- beach
- ocean
- nightlife
- party
- restaurants
- bars
- condos
- ocean front homes
- luxury
- miami
Listed on August 23, 2019 by Neal Deputy from The Keyes Company, this apartment is for sale. apartment for sale in South Beach listed at $1,499,000, Reference A10728418
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.