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818 Jefferson Ave
Miami Beach, FL 33139
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Value-Add Multifamily Investment
EXECUTIVE SUMMARY
PJ Commercial is proud to present 818 Jefferson Ave, a 10-unit value-add multifamily investment opportunity in a prime location. The property comprises eight one-bedroom, one-bath units, and two two-bedroom, one-bath units, all currently leased on a month-to-month basis, providing investors with the flexibility to implement value-enhancing strategies immediately. With significant upside potential, this asset offers a compelling opportunity for investors seeking to maximize returns. Additionally, the building successfully completed its 100-year recertification in 2024, ensuring compliance with current safety and structural standards.
PROPERTY FACTS
| Price Per Unit | $315,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.23% | Building Size | 4,660 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1924 |
| Apartment Style | Low-Rise | ||
| Zoning | RM-1 - RM-1 Contributing structure within the Flamingo Park Historic Preservation District. | ||
| Price Per Unit | $315,000 |
| Sale Type | Investment |
| Cap Rate | 4.23% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,660 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
| Zoning | RM-1 - RM-1 Contributing structure within the Flamingo Park Historic Preservation District. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 02-4203-009-6610 | Improvements Assessment | $247,438 |
| Land Assessment | $1,400,000 | Total Assessment | $1,647,438 |
PROPERTY TAXES
Parcel Number
02-4203-009-6610
Land Assessment
$1,400,000
Improvements Assessment
$247,438
Total Assessment
$1,647,438
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