$4,950,000
$50K PRICE INCREASE

1561 Jefferson Ave Miami Beach, FL 33139

Flamingo Neighborhood

Estimated payment $30,965/month

Total Views 4,496
-- Bed
-- Bath
7,852 Sq Ft
$630 Price per Sq Ft

Highlights

  • Balcony
  • Tile Flooring
  • Central Heating and Cooling System
  • Clear Impact Glass

About This Home

Opportunity to own a profitable rental income building -1561 Jefferson in South Beach. This reconstructed 2023 multifamily features 12 units a few blocks from the Atlantic Ocean and beach, half a block from Lincoln Road. It boasts a complete 2-year renovation, including new mechanical, electrical, plumbing, flooring, top-of-the-line appliances, and hurricane-proof windows. Combo washer & dryer and individual AC in each unit-a mix of layouts from 450 to 895 sq. ft. Located a few blocks from Flamingo Park -36.53-acre recreational paradise with a state-of-the-art soccer field, athletics track, and 17 tennis courts. This property has completed the costly 40-year certification ensuring compliance. 40 year certification included in the new built. Seller Financing Options Available

Listing Agent

Pamela Diaz-de-Leon

The Corcoran Group License #0696905

The Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,663

Year Built

  • 1957

Home Design

  • Duplex

Interior Spaces

  • 7,852 Sq Ft Home
  • 2-Story Property
  • Drapes & Rods
  • Tile Flooring
  • Clear Impact Glass

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Rent includes hot water, sewer, trash collection, water
  • Assessor Parcel Number 02-32-34-002-1310

Community Details

Overview

  • Property has a Home Owners Association
  • 3 Units
  • Lincoln Sub Condos
  • Lincoln Sub Subdivision, Multifamily Floorplan

Building Details

  • Operating Expense $124,600
  • Net Operating Income $404,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,663

Year Built

1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 19572023
  • Property Sub Type: Duplex
  • Architectural Style: Other
  • Horses: No
  • Inclusions: Other
  • Master Model: Multifamily
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Subdivision Name: Lincoln Sub
  • Year Built Details: Resale
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Spa Yn: No
  • Flooring: Tile
  • Living Area: 7852
  • Stories: 2
  • Window Features: Clear Impact Glass, Drapes, Impact Glass

Exterior Features

  • Roof: Other
  • Exterior Features: Balcony, Exterior Cat Walk, Other
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: Lincoln Sub

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Other

Lot Info

  • Parcel Number: 02-32-34-002-1310
  • Zoning: 3900
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Hot Water, Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 404400
  • Number Of Units In Community: 3
  • Number Of Units Total: 12
  • Annual Operating Expense: 124600
  • Total Actual Rent: 33700

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 40663

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2024 12/04/24 Price Changed $4,950,000 -1.0% $630 / Sq Ft
11/12/2024 11/12/24 Price Changed $5,000,000 +2.0% $637 / Sq Ft
07/01/2024 07/01/24 For Sale $4,900,000 -- $624 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11610233

MIAMI REALTORS® MLS

Florida Miami/Dade County Miami Beach 33139 Flamingo

1561 Jefferson Ave, Miami Beach, FL

Homes for Sale in Miami Beach, FL

This home is located at 1561 Jefferson Ave, Miami Beach, FL 33139 and is currently priced at $4,950,000, approximately $630 per square foot. This property was built in 1957. 1561 Jefferson Ave is a home located in Miami-Dade County with nearby schools including Fienberg-Fisher K-8 Center, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Pamela Diaz-de-Leon
Listing Agent
Pamela Diaz-de-Leon
Section Image
The Corcoran Group
(786) 544-6028