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 square feet 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 Details

  • MLS #A10678518
  • TypeMultifamily
  • StatusActive
  • Development
  • Subdivision
  • Sale TypeRegular Sale
  • Approx Lot Size7,000
  • Parking
  • Days on Market694
  • Year Built1940
  • StyleMultiFamily
  • WaterfrontNo
  • FurnishedNo
  • Flooring Type
  • Date Listed05/23/2019
  • Cooling
  • Heating
  • Taxes Year2018
  • Taxes$42,564

The multiple listing information is provided by the MIAMI ASSOCIATION OF REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2021-present MIAMI ASSOCIATION OF REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial 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. Listing courtesy of: Beachfront Realty Inc

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