761-755-745 Jefferson Ave,Free Standing, Income Non-Waterfront, Apartments

761-755-745 Jefferson Ave, Miami Beach, Florida, 33139

Price $7,980,000.00

  • Lot size 21000
  • Year Build 1936
  • Waterfront
  • Zip 33139
  • Style
  • Parking Description On Street
  • Pool Yes
  • Status Active

Description

KW Commercial is proud to present this value add opportunity to purchase 3 adjacent multifamily properties in a prime location, on the corner of 7th Street and Jefferson Ave. This Historical Jefferson assemblage comprises 32 units, with rights to 38 units (renderings available upon request). The properties are 100% occupied on month-to-month leases, and 9 of the units have HUD agreements. Each unit is separately metered. Each unit has a bath-tub (except one shower). Water is included in the rent, but cable is paid by individual tenants. Most units have wall a/c and gas-stoves (separately metered as well). Plumbing is mostly PVC, except unit 755 Jefferson, which is cast-iron. Rent-Roll (also available upon request) is $460,800/year. All offers will be seriously considered.

OCEAN BEACH ADDN NO 3 PB 2-81 LOT 16 BLK 72 LOT SIZE 50.000 X 140 OR 10174-1437 0978 1

Corner Lot, In Residential Area

KW Commercial is proud to present this value add opportunity to purchase 3 adjacent multifamily properties in a prime location, on the corner of 7th Street and Jefferson Ave. This Historical Jefferson assemblage comprises 32 units, with rights to 38 units (renderings available upon request). The properties are 100% occupied on month-to-month leases, and 9 of the units have HUD agreements. Each unit is separately metered. Each unit has a bath-tub (except one shower). Water is included in the rent, but cable is paid by individual tenants. Most units have wall a/c and gas-stoves (separately metered as well). Plumbing is mostly PVC, except unit 755 Jefferson, which is cast-iron. Rent-Roll (also available upon request) is $460,800/year. All offers will be seriously considered.

City:Miami Beach,Roof:1:Concrete,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.7781429,Cooling Y N:1,Lease Term:Month To Month,List Price:7980000,Listing Id:A11079645,Longitude:-80.1369302,Mls Status:Active,Ownership:Self Proprietor/Individual,Year Built:1936,Inclusions:Building & Land,Leases,Postal Code:33139,Street Name:Jefferson Ave,Tenant Pays:1:Gas,Coordinates:1:25.7781429,Lot Features:1:In Residential Area,Photos Count:9,Days On Market:103,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2021-06-07,Other Expense:52150,Parcel Number:02-42-03-009-4760,Property Type:Commercial Sale,Stories Total:2,Street Number:761-755-745,Trash Expense:14400,Open Parking Y N:1,Public Remarks:KW Commercial is proud to present this value add opportunity to purchase 3 adjacent multifamily properties in a prime location, on the corner of 7th Street and Jefferson Ave. This Historical Jefferson assemblage comprises 32 units, with rights to 38 units (renderings available upon request). The properties are 100% occupied on month-to-month leases, and 9 of the units have HUD agreements. Each unit is separately metered. Each unit has a bath-tub (except one shower). Water is included in the rent, but cable is paid by individual tenants. Most units have wall a/c and gas-stoves (separately metered as well). Plumbing is mostly PVC, except unit 755 Jefferson, which is cast-iron. Rent-Roll (also available upon request) is $460,800/year. All offers will be seriously considered.,County Or Parish:Miami-Dade County,Expiration Date:2021-12-06,Manager Expense:31288,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,New Taxes Expense:128000,Postal Code Plus4:8568,State Or Province:FL,Tax Annual Amount:38893,Unparsed Address:761-755-745 Jefferson Ave, Miami Beach FL 33139,Insurance Expense:70283,Listing Agreement:Exclusive Right To Sell,Operating Expense:297561,Year Built Details:Resale,Building Area Total:19303,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:21000,Number Of Buildings:3,Original List Price:9000000,Previous List Price:9000000,Public Survey Range:42,Documents Available:1:Books & Records,2:Drawings,3:Financial Statement,4:Photos,5:Rent Rolls,6:Tax Return,I D X Participation Y N:1,Net Operating Income:149415,Syndication Remarks:KW Commercial is proud to present this value add opportunity to purchase 3 adjacent multifamily properties in a prime location, on the corner of 7th Street and Jefferson Ave. This Historical Jefferson assemblage comprises 32 units, with rights to 38 units (renderings available upon request). The properties are 100% occupied on month-to-month leases, and 9 of the units have HUD agreements. Each unit is separately metered. Each unit has a bath-tub (except one shower). Water is included in the rent, but cable is paid by individual tenants. Most units have wall a/c and gas-stoves (separately metered as well). Plumbing is mostly PVC, except unit 755 Jefferson, which is cast-iron. Rent-Roll (also available upon request) is $460,800/year. All offers will be seriously considered.,Listing Contract Date:2021-06-07,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:761,Tax Legal Description:OCEAN BEACH ADDN NO 3 PB 2-81 LOT 16 BLK 72 LOT SIZE 50.000 X 140 OR 10174-1437 0978 1,Gross Scheduled Income:460800,Public Survey Township:42,Construction Materials:1:CBS Construction,2:Sheet Rock,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:$500,Contract Status Change Date:2021-06-07,Distance To Freeway Numeric:1,Internet Address Display Y N:1,Number Of Units In Community:32,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,

  • Price $7,980,000.00
  • Price Change: 2021-09-14
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1936
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction Concrete Block Construction, CBS Construction, Sheet Rock
  • Parking Description On Street
  • Flooring Type Wood
  • Property Type Commercial Sale
  • Status Active
  • Listed 2021-09-14
  • Days on Market 41
  • Furnished
  • City Miami Beach
  • Zip 33139
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 38893
  • Taxes Year