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DESCRIÇÃO
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.
Data is provided by Miami Board of Realtors.
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Listed on July 16, 2020 by Neal Deputy from The Keyes Company, this other is for sale. other for sale in South Beach listed at $1,299,000, Reference A10893764
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