940 Jefferson Avenue – a 16-unit multifamily property located in the heart of South Beach. Built in 1940, the property has been upgraded and totals 8,597 sq.ft on two stories. The property is 100% occupied with $1,300 per unit market rents for studios and

940 Jefferson Ave, Miami Beach, FL 33139, USA

$3,750,550 USD
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Address940 JEFFERSON AVE, Miami Beach
Type of BusinessCommercial / Residential Income
Price$3,750,550
Previous Price$3,750,500 (139 days ago)
Property StatusActive
MLS NumberA10678518
Property Size7000
Lot Size7000
Year Built1940
Folio Number02-42-03-009-6720
Zoning Information3900
Days on Market408

Detailed Description: 940 Jefferson Avenue – a 16-unit multifamily property located in the heart of South Beach. Built in 1940, the property has been upgraded and totals 8,597 sq.ft on two stories. The property is 100% occupied with $1,300 per unit market rents for studios and $1,600 per unit market rent for one bedroom – $264,000 per year in potential gross income. The building is in excellent condition including central air conditioning, upgraded unit interiors, kitchen cabinets, and countertops. The 16-units are available free and clear. In addition, the owner is selling an additional 16-units at 1101 Euclid Avenue. 940 Jefferson Avenue and 1101 Euclid can be acquired together or separately.

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Address Information
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33139
Address940 JEFFERSON AVE
Zip Code (4 Digits)8486
Google Location Info940 Jefferson Ave, Miami Beach, FL 33139, USA
Financial Information
Price$3,750,550
Price per Foot$0
Previous Price$3,750,500
Folio Number02-42-03-009-6720
Tax Amount$42,564
Tax Year2018
Full Descriptions
Detailed Description940 Jefferson Avenue – a 16-unit multifamily property located in the heart of South Beach. Built in 1940, the property has been upgraded and totals 8,597 sq.ft on two stories. The property is 100% occupied with $1,300 per unit market rents for studios and $1,600 per unit market rent for one bedroom – $264,000 per year in potential gross income. The building is in excellent condition including central air conditioning, upgraded unit interiors, kitchen cabinets, and countertops. The 16-units are available free and clear. In addition, the owner is selling an additional 16-units at 1101 Euclid Avenue. 940 Jefferson Avenue and 1101 Euclid can be acquired together or separately.
Property parameters
Living Area7000
Lot Size7000
Total Acreage0.000
Zoning Information3900
Maximum Leasable Size7000
Year Built1940
Type of BusinessCommercial / Residential Income
Listed withBeachfront Realty Inc