21
$3,000,000 Sale
Listed 17 hours ago
848 Jefferson Avenue
· 0
· 0
· -
· -
Key Facts
Key facts for 848 Jefferson Avenue
Property Type
Apartment, Unspecified
Parking
On Street , OnStreet
MLS #
A12112001
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
$39,209 /yr
Days on Market
-
Year Built
1939
Maintenance Fee
-
Description
Excellent opportunity to acquire a 14-unit multifamily investment property in the heart of South Beach, Miami Beach. The property consists of 12 studio apartments and 2 one-bedroom units, generating an actual annual Net Operating Income (NOI) of $98,200, with Potential Gross Income (PGI) of $163,000....The property offers compelling value-add potential through interior renovations and unit reconfigurations. Notably, 10 of the 12 studios feature spacious "junior one-bedroom" layouts, presenting an opportunity to potentially convert these units into true one-bedroom apartments, subject to applicable building requirements and approvals. Combined with strategic interior improvements, these enhancements offer an opportunity to increase rental revenue, strengthen operating performance, and enhance long-term asset value.Ideally located in a highly walkable South Beach neighborhood, residents enjoy convenient access to grocery stores, dining, public transportation, local employment centers, and Flamingo Park, with the world-famous beaches of Miami Beach just a short distance away.This property presents an attractive opportunity for investors seeking an established income-producing multifamily asset with additional upside potential in one of South Florida's most desirable coastal rental markets., Directions:
Similar Properties (No results)
Courtesy of: Cardenas Larocca Real Estate LLC

Copyright 2026 BeachesMLS, Inc.

To submit a request for a takedown notice per the Digital Millennium Copyright Act (the "DMCA") for any listing please see these guidelines and follow the instructions provided.