940 Jefferson Avenue â€“ 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.