1561 Jefferson AveMiami Beach, FL 33139

Property Details for 1561 Jefferson Ave

Year built

19572023

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 12-unit apartment building in Miami Beach presents a lucrative investment opportunity. Completely renovated in 2023, this two-story property at 1561 Jefferson Ave boasts a prime South Beach location, just blocks from the Atlantic Ocean and Lincoln Road. The extensive renovation included new mechanical, electrical, and plumbing systems, updated flooring, high-end appliances, and hurricane-proof windows. Each of the twelve units features a combination washer/dryer and individual air conditioning. Unit sizes range from 450 to 895 square feet, offering a variety of layouts. Residents enjoy proximity to Flamingo Park, a 36.53-acre recreational area with amenities including a soccer field, track, and tennis courts. The building has recently completed the costly 40-year certification process, ensuring long-term compliance and minimizing future expenses. This turnkey investment offers significant rental income potential and represents a compelling value compared to similar properties requiring future certification updates. The asking price is $5,000,000. This property is situated in Miami-Dade County, Florida, zip code 33139.

Location Insight

City

Miami Beach

County

Miami-Dade

State

Florida

Latitude

25.7886

Longitude

-80.1374

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