Interior
- Bathrooms
- 0
Active · MultiFamily
$2,050,000
928 Jefferson Ave, Miami Beach, FL 33139
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1936
- Lot size
- 2,395 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
Prime South Beach multifamily investment opportunity with a 100% occupancy rate. The property consists of an 8-unit building featuring one-bedroom and studio apartments, situated in one of Miami Beach’s most desirable and walkable neighborhoods, just steps from Flamingo Park and minutes from Lincoln Road, Ocean Drive, and the beach. The asset has undergone several capital improvements, including impact windows throughout, and all units have been renovated. The building features fully remodeled one-bedroom units with marble flooring, marble bathrooms, and stainless steel appliances. A perfect opportunity to own a trophy asset for the price of a house.
Property location
Get Directions928 Jefferson Ave, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- MultiFamily
- Year built
- 1936
- Lot size
- 2,395 sq ft
Parking
- Covered spaces
- 0
HOA, Community & Financials
- County
- Miami-Dade
- Days on market
- 0
- MLS listing ID
- A12014837
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$4,012
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $9,718/mo
- Down payment
- $512,500
- Loan amount
- $1,537,500
- Annual NOI
- $68,470
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.