935 Jefferson Ave ,Detached, Quadruplex, Ocean Beach Addn No 3 for Sale

935 Jefferson Ave for Sale

Price $3,100,000.00

• Lot size 8746
• Year Build 1963
• Waterfront
• Zip 33139
• Style Detached
• Parking Description
• Pool Yes
• Status Active

Description

40/50 year inspection certified. EXCEPTIONAL PROPERTY IN SOUTH BEACH JUST BLOCKS FROM THE BEACH. THIRTEEN UNIT FULLY OCCUPIED MULTI-FAMILY APARTMENT BUILDING ON A 7,000 SF LOT. 8 STUDIOS AND 5 ONE-BED UNITS. BELOW MARKET RENTS. TEN PARKING SPACES GENERATE ADDITIONAL REVENUE. ALL UNITS ARE FULLY EQUIPPED AND ARE INDIVIDUALLY METERED FOR ELECTRICITY KEEPING OPERATING EXPENSES VERY LOW. ALWAYS FULLY RENTED ON YEAR-LONG LEASES. THERE ARE HARDLY EVER VACANCIES IN THIS 2-STORY APARTMENT BUILDING. TENANTS HAVE ANNUAL LEASES IN PLACE WITH DIFFERENT EXPIRATION DATES. LONG TERM TENANTS. UNIQUE INVESTMENT OPPORTUNITY TO OWN A PROFITABLE BUILDING IN THE HEART OF SOUTH BEACH. IMPACT WINDOWS ON ALL UNITS THEREFORE REDUCING INSURANCE COSTS. FINANCIALS ATTACHED.

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OCEAN BEACH ADDN NO 3 PB 2-81 LOT 13 BLK 70 LOT SIZE 50.000 X 140 OR 20442-2225 0502 1

Less Than 1/4 Acre Lot

40/50 year inspection certified. EXCEPTIONAL PROPERTY IN SOUTH BEACH JUST BLOCKS FROM THE BEACH. THIRTEEN UNIT FULLY OCCUPIED MULTI-FAMILY APARTMENT BUILDING ON A 7,000 SF LOT. 8 STUDIOS AND 5 ONE-BED UNITS. BELOW MARKET RENTS. TEN PARKING SPACES GENERATE ADDITIONAL REVENUE. ALL UNITS ARE FULLY EQUIPPED AND ARE INDIVIDUALLY METERED FOR ELECTRICITY KEEPING OPERATING EXPENSES VERY LOW. ALWAYS FULLY RENTED ON YEAR-LONG LEASES. THERE ARE HARDLY EVER VACANCIES IN THIS 2-STORY APARTMENT BUILDING. TENANTS HAVE ANNUAL LEASES IN PLACE WITH DIFFERENT EXPIRATION DATES. LONG TERM TENANTS. UNIQUE INVESTMENT OPPORTUNITY TO OWN A PROFITABLE BUILDING IN THE HEART OF SOUTH BEACH. IMPACT WINDOWS ON ALL UNITS THEREFORE REDUCING INSURANCE COSTS. FINANCIALS ATTACHED.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:25.780043,Cooling Y N:1,Heating Y N:1,List Price:3100000,Listing Id:A11525770,Longitude:-80.1370358,Mls Status:Active,Year Built:1963,Living Area:8746,Postal Code:33139,Street Name:Jefferson Ave,Coordinates:1:25.780043,Photos Count:15,Building Name:OCEAN BEACH ADDN NO 3,Listing Terms:1:Conventional,2:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:42,M L S Area Major:Ocean Beach Addn No 3,On Market Date:2024-02-01,Parcel Number:02-42-03-009-4450,Parking Total:10,Property Type:Residential Income,Rent Includes:1:Pest Control,2:Sewer,3:Trash Collection,4:Water,Stories Total:2,Street Number:935,M I A M I R E_ Style:Fourplex,Public Remarks:40/50 year inspection certified. EXCEPTIONAL PROPERTY IN SOUTH BEACH JUST BLOCKS FROM THE BEACH. THIRTEEN UNIT FULLY OCCUPIED MULTI-FAMILY APARTMENT BUILDING ON A 7,000 SF LOT. 8 STUDIOS AND 5 ONE-BED UNITS. BELOW MARKET RENTS. TEN PARKING SPACES GENERATE ADDITIONAL REVENUE. ALL UNITS ARE FULLY EQUIPPED AND ARE INDIVIDUALLY METERED FOR ELECTRICITY KEEPING OPERATING EXPENSES VERY LOW. ALWAYS FULLY RENTED ON YEAR-LONG LEASES. THERE ARE HARDLY EVER VACANCIES IN THIS 2-STORY APARTMENT BUILDING. TENANTS HAVE ANNUAL LEASES IN PLACE WITH DIFFERENT EXPIRATION DATES. LONG TERM TENANTS. UNIQUE INVESTMENT OPPORTUNITY TO OWN A PROFITABLE BUILDING IN THE HEART OF SOUTH BEACH. IMPACT WINDOWS ON ALL UNITS THEREFORE REDUCING INSURANCE COSTS. FINANCIALS ATTACHED.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Beachfront Realty Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:8483,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:OCEAN BEACH ADDN NO 3,Tax Annual Amount:41384,Unparsed Address:935 Jefferson Ave, Miami Beach FL 33139,Listing Agreement:Exclusive Agency,Year Built Details:Effective Year Built,Building Area Total:8746,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:354.4477,Original List Price:3100000,Public Survey Range:42,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Number Of Units Total:13,Syndication Remarks:40/50 year inspection certified. EXCEPTIONAL PROPERTY IN SOUTH BEACH JUST BLOCKS FROM THE BEACH. THIRTEEN UNIT FULLY OCCUPIED MULTI-FAMILY APARTMENT BUILDING ON A 7,000 SF LOT. 8 STUDIOS AND 5 ONE-BED UNITS. BELOW MARKET RENTS. TEN PARKING SPACES GENERATE ADDITIONAL REVENUE. ALL UNITS ARE FULLY EQUIPPED AND ARE INDIVIDUALLY METERED FOR ELECTRICITY KEEPING OPERATING EXPENSES VERY LOW. ALWAYS FULLY RENTED ON YEAR-LONG LEASES. THERE ARE HARDLY EVER VACANCIES IN THIS 2-STORY APARTMENT BUILDING. TENANTS HAVE ANNUAL LEASES IN PLACE WITH DIFFERENT EXPIRATION DATES. LONG TERM TENANTS. UNIQUE INVESTMENT OPPORTUNITY TO OWN A PROFITABLE BUILDING IN THE HEART OF SOUTH BEACH. IMPACT WINDOWS ON ALL UNITS THEREFORE REDUCING INSURANCE COSTS. FINANCIALS ATTACHED.,Listing Contract Date:2024-02-01,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:935,Tax Legal Description:OCEAN BEACH ADDN NO 3 PB 2-81 LOT 13 BLK 70 LOT SIZE 50.000 X 140 OR 20442-2225 0502 1,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0.1%,M I A M I R E_ Adjusted Area S F:6858,M I A M I R E_ Internet Remarks:UNIQUE INVESTMENT OPPORTUNITY TO OWN A PROFITABLE BUILDING IN THE HEART OF SOUTH BEACH. IMPACT WINDOWS ON ALL UNITS LOWER INSURANCE COSTS.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-02-01,Internet Address Display Y N:1,Number Of Units In Community:2,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Attribution Contact:786-838-3061,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 3%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:354.45,Internet Automated Valuation Display Y N:1,