Miami Beach, FL 33139 1561 Jefferson Avenue
$4,750,000



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Presented By: This listing is courtesy of The Corcoran Group
Home Details
If you are an investor looking for the opportunity to own a multifamily rental income, 1561 Jefferson Avenue is the building for you. Expertly designed by a renowned Australian architect with interiors by Studio de la Vega, the building recently underwent a complete 2-year renovation of all mechanical and electrical wiring, plumbing, insulation, and flooring. The property features modern, bright, and open living spaces ranging from 450 to 895 square feet. Every unit is equipped with essential hurricane-impact windows, in-unit washer/dryer combos, refrigerators and dishwashers. This property sits in a fantastic location of South Beach living, culture, dining, and lifestyle. This is the investment of a lifetime in one of the most important cities in the country. With top CEOs relocating to take advantage of Florida’s magnificent weather and favorable tax climate, this is a rare gem. Located only six blocks from the Atlantic Ocean, this asset is perfectly primed for a future condo conversion, offering a high-margin exit strategy in the world’s most coveted real estate market. This is a turn-key opportunity in a prime location where people want to live. This 12-unit property is just half a block from the famous Lincoln Road, a mile-long promenade with over 60 incredible restaurants and bars stretching from Collins Avenue to Biscayne Bay. Residents are just blocks from the 36-acre Flamingo Park, which offers a new football field, track, 17 tennis courts, and a pool. Call now.
Presented By: This listing is courtesy of The Corcoran Group
Interior Features for 1561 Jefferson Avenue
Bedrooms
Total Bedrooms2
Bathrooms
Half Baths0
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringLaminate
Heating Y/NYes
Window FeaturesDrapes, Impact Glass
General for 1561 Jefferson Avenue
Assoc Fee Paid PerAnnually
CityMiami Beach
Construction MaterialsBlock
CoolingCentral Air
CountyMiami-Dade
Full Baths2
HOA Fee$
HeatingCentral
Legal DescriptionLINCOLN SUB PB 9-69 LOT 13 BLK 62 LOT SIZE 50.000 X 150 OR 12428-2647 0285 4
LevelsTwo
Listing TermsCash, Conventional
Lot Size UnitsSquare Feet
MLS Area32
Net Operating Income233896
Number Of Units Total2
Occupancy TypeTenant
Operating Expense130904
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityMiami Beach
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential Income
Rent IncludesHot Water, Sewer, Trash Collection, Water
RoofOther
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameLINCOLN SUB
Tax Annual Amount44388
Tax Year2025
Total Actual Rent364800
UtilitiesCable Available
Virtual TourClick here
Year Built DetailsResale
Zoning Description3900
Exterior for 1561 Jefferson Avenue
Builder ModelMultifamily
Building Area Total10334
Covered Spaces
Exterior AmenitiesBalcony, Other
Lot Features< 1/4 Acre
SpaNo
Total Parking0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Carlos Rosa
Realtor®
SQFT • 10,334