This Multifamily Property is no longer advertised on LoopNet.com.

940 Jefferson Ave
Miami Beach, FL 33139
Multifamily Property For Sale · 16 Units

Property Facts

No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.16 AC
Building Size 6,640 SF
Average Occupancy 100%
No. Stories 2
Year Built 1940
Zoning RM-1, Miami Beach

Amenities

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven

Site Amenities

  • Controlled Access
  • Courtyard
  • Laundry Facilities
  • Property Manager on Site
  • Gated

About 940 JEFFERSON AVE , MIAMI BEACH, FL 33139

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 bedrooms - $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.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - -
Studios 12 - -

Property Taxes

Property Taxes

Parcel Number
02-4203-009-6720
Land Assessment
$1,120,000
Improvements Assessment
$1,320,000
Total Assessment
$2,440,000
  • Listing ID: 16131820

  • Date on Market: 5/22/2019

  • Last Updated:

  • Address: 940 Jefferson Ave, Miami Beach, FL 33139

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