USD 3,750,550

940 Jefferson Ave
Miami Beach, Florida 33139

For Sale

Property 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 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.

Listed by Beachfront Realty Inc

Property Details

ID #
A10678518
Status
Sale
Type
Commercial, Industrial
Zip Code
33139
Building Area
6,640ft2
Year Built
1940
Electric Service
0-100 Amps
Occupancy
Tenant Occupied
Type of Building
Commercial/Residential Income
Zoning Information
3900

Similar Listings