USD 7,980,000

761-755-745 Jefferson Ave
Miami Beach, Florida 33139

For Sale

Property Description

KW Commercial is proud to present this value add opportunity to purchase 3 adjacent multifamily properties in a prime location, on the corner of 7th Street and Jefferson Ave. This Historical Jefferson assemblage comprises 32 units, with rights to 38 units (renderings available upon request). The properties are 100% occupied on month-to-month leases, and 9 of the units have HUD agreements. Each unit is separately metered. Each unit has a bath-tub (except one shower). Water is included in the rent, but cable is paid by individual tenants. Most units have wall a/c and gas-stoves (separately metered as well). Plumbing is mostly PVC, except unit 755 Jefferson, which is cast-iron. Rent-Roll (also available upon request) is $460,800/year. All offers will be seriously considered.

Listed by Keller Williams Capital Realty

Property Details

ID #
A11079645
Status
Sale
Type
Commercial, Industrial, Income/Multi-Family 5+
Zip Code
33139
Year Built
1936
Building Feature
Air Conditioning
Roof Material
Wood shingle roof
Water Source
City/mains water
Septic
City sewer
Ceiling
Sheet Rock
Construction
CBS Construction, Concrete Block Construction
Floor
Wood Floors
Lease Term
Month To Month Lease
Location
Corner Lot, In Residential Area
Occupancy
Tenant Occupied
Parking
Street Parking
Road Frontage
City Road
Road Type
Two Lane
Roof
Concrete Roof
Type of Building
Apartments, Free Standing
Utilities
Internet
Zoning Information
3900

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