818 Jefferson Ave - Apartments FOR SALE


Miami Beach, FL 33139- Flamingo
$3,150,000 USD
305-321-0456
818 Jefferson Ave, Miami Beach, FL for Sale
$3,150,000 USD
Apartments - FOR SALE
1/5
null | 4.23% Cap Rate

818 Jefferson Ave
Miami Beach, FL 33139
Flamingo


HIGHLIGHTS

  • Value-Add Multifamily Investment

OVERVIEW

PJ Commercial is proud to present 818 Jefferson Ave, a 10-unit value-add multifamily investment opportunity in a prime location. The property comprises eight one-bedroom, one-bath units, and two two-bedroom, one-bath units, all currently leased on a month-to-month basis, providing investors with the flexibility to implement value-enhancing strategies immediately. With significant upside potential, this asset offers a compelling opportunity for investors seeking to maximize returns. Additionally, the building successfully completed its 100-year recertification in 2024, ensuring compliance with current safety and structural standards.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$676 USD /SF

# OF UNITS

10

PRICE/UNIT

$315,000

CAP RATE

4.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RM-1

APN/PARCEL ID

02-4203-009-6610

ASK ABOUT THIS PROPERTY

Sandra PayneThe Keyes CompanyMore Info
305-321-0456

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Sandra PayneThe Keyes CompanyMore Info
305-321-0456

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.