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.
MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 18th April, 2021 2:14 AM