Florida, Miami-Dade County, Miami Beach, Jefferson Ave

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 bedroom - $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.