$4,250,000
7,852 sqft
1561 Jefferson Avenue, Miami Beach, FL 33139
LINCOLN SUB
1 / 15
7435 Byron Ave, Miami Beach, FL 33141
$3,150,000— Beds— Baths7,865 Sq. Ft.$401 / sq. ft.
Miami Beach, FL 33141 · HARDING TOWNSITE
Status
Active
Type
Duplex
Year Built
1950
Days on Market
359
MLS #
A11891783
About This Home
PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 6.00%. Pro format Cap Rate 6.50% Pro format NOI $203.889. Offering Memorandum available upon request.
Property Details
- Interior Features
- Stairs
- Flooring
- Vinyl
- Heating
- Central
- Cooling
- Central Air, Wall/Window Unit(s)
Building & Association
- Building Name
- HARDING TOWNSITE
- Stories
- 2
- Stories Total
- 2
- Association
- No
Lot & Construction
- Lot Features
- Less Than 1/4 Acre Lot
- Lot Size Square Feet
- 0
- Waterfront
- No
- View
- No
- Construction Materials
- CBS Construction
- Roof
- Flat Tile
- New Construction
- No
Public Records
- Parcel Number
- 02-32-02-003-0310
- Tax Annual Amount
- $32,321
- Tax Year
- 2,024
- Zoning
- 3900
- County Or Parish
- Miami-Dade County
Location
Courtesy of Beachfront Realty Inc
