1561 Jefferson Ave
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1561 Jefferson Ave
12 Unit Apartment Building $4,950,000 ($412,500/Unit) 5.61% Cap Rate Miami Beach, FL 33139
Investment Highlights
- Located a few blocks from Flamingo Park
- Perfectly positioned for high rental demand with exceptional returns and long-term value for discerning investors
Executive Summary
Prime Investment Opportunity: Invest in a profitable rental income property at 1561 Jefferson Ave, South Beach. This brand-new 2023 construction features 12 units in the heart of Miami Beach a few blocks from the Atlantic Ocean, half a block from Lincoln Road. It boasts a complete 2-year renovation, including new mechanical, electrical, plumbing, and flooring, along with top-of-the-line appliances and hurricane-proof windows. Combo washer & dryer and individual AC in each unit-a mix of layouts from 450 to 895 sq. ft. Located a few blocks from Flamingo Park -36.53-acre recreational paradise with a state-of-the-art soccer field, athletics track, and 17 tennis courts.
Property Facts
| Price | $4,950,000 | Apartment Style | Low Rise |
| Price Per Unit | $412,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.61% | Building Size | 7,852 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1957/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.25/1,000 SF |
| Price | $4,950,000 |
| Price Per Unit | $412,500 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 7,852 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2023 |
| Parking Ratio | 0.25/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $3,600 | 895 |
| 2+1 | 4 | $3,000 | 603 |
| 1+1 | 6 | $2,500 | 665 |
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Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 02-3234-002-1310 | Improvements Assessment | $650,000 |
| Land Assessment | $1,650,000 | Total Assessment | $2,300,000 |
PROPERTY TAXES
Parcel Number
02-3234-002-1310
Land Assessment
$1,650,000
Improvements Assessment
$650,000
Total Assessment
$2,300,000
zoning
| Zoning Code | 3900 (commercial and residential mixed-use) |
| 3900 (commercial and residential mixed-use) |
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1561 Jefferson Ave
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