$4,250,000
Miami Beach, FL 33139
MLS# A11969099
7852 sqft
1 / 96
Property Description
Opportunity to own a multifamily rental income in the heart of South Beach Miami. Expertly designed by a renowned Australian architect with interiors by Studio de la Vega, the building recently underwent a complete 2-year renovation of all mechanical and electrical wiring, plumbing, insulation, and flooring. The property features modern, bright, and open living spaces ranging from 450 to 895 square feet. Every unit is equipped with essential hurricane-impact windows, in-unit washer/dryer combos, refrigerators, dishwashers, individual water and electric meters. This property sits in a fantastic location of South Beach living, culture, dining, and lifestyle. This is the investment of a lifetime in one of the most important cities in the country. With top CEOs relocating to take advantage of Florida’s magnificent weather and favorable tax climate, this is a rare gem. Located only six blocks from the Atlantic Ocean, this asset is perfectly primed for a future condo conversion, offering a high-margin exit strategy in the world’s most coveted real estate market. This is a turn-key opportunity in a prime location where people want to live. This 12-unit property is just half a block from the famous Lincoln Road, a mile-long promenade with over 60 incredible restaurants and bars stretching from Collins Avenue to Biscayne Bay. Residents are just blocks from the 36-acre Flamingo Park, which offers a new football field, track, 17 tennis courts, and a pool. Call now.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-02-20
Status: Active
Original List Price: 4750000
List Price: $4,250,000
Current Price: $4,250,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami Beach
Municipal Code: 2
Postal Code: 33139
Subdivision Number: 2
Multiple Offers Accepted: Yes
Flood Zone: AE
Property Description: 12 unit Multifamily
Country: United States
Street Number: 1561
Street Name: Jefferson
Street Suffix: Avenue
State Or Province: FL
Postal Code +4: 3763
Area: 2320
Parcel Number: 0232340021310
Zoning: 3900
General Property Information
Number Of Buildings: 1
Number Of Units Total: 3
Occupant Type: Tenant
Lot Size Area: 7500
Stories Total: 2
Property Sub Type: Multi Family
Building Area Main: 7852
Year Built: 9999
Lot Size Acres: 0.17
Office/Member Information
DXORIGMLSID: SEF
Flooring
Tile: 1
Vinyl: 1
Property Condition
Resale: 1
Short Sale Details
Lender Approval: Unapproved
Documents Available
Aerial Photo(s): 1
Contracts: 1
Copy Of Lease(s): 1
Deed: 1
Rent Rolls: 1
Tenant Pays
Electricity: 1
Interior Electric: 1
Location of Property
City Location: 1
In Residential Area: 1
Other: 1
Possession
Close Of Escrow: 1
Utilities
Sewer Available: 1
Building and Property Details
# Of Toilets: 14
Building Features
Exterior Lighting: 1
Common Area Maintenance Includes
Lawn Care: 1
Management Fees: 1
Real Estate Tax: 1
Sewer: 1
Water: 1
Heating
Central Individual: 1
Electric: 1
Sale Includes
Building: 1
Land: 1
Leases: 1
Construction Materials
Block: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Landscaped: 1
Roof
Other: 1
Security Features
Smoke Detector(s): 1
Water Source
Public: 1
Income and Expenses
Gross Income: 358800
Vacancy Allowance Rate: 0
Occupancy Percentage: 100
Net Operating Income: 231822
Other Expense: 126978
Source Of Expenses
Books: 1
Owner Provided: 1
Tax Return: 1
Description of Unit Type 1
Unit Type: 2 Bedroom
Units Total: 2
Beds Total: 2
Furnished: No
Description of Unit Type 2
Unit Type: 2 Bedroom
Units Total: 4
Beds Total: 2
Furnished: No
Cooling
Central Individual: 1
Description of Unit Type 3
Unit Type: 1 Bedroom
Units Total: 6
Beds Total: 1
Furnished: No
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Price Calculations
Current Price To SqFt: 541.26
Section Details
Parcel Number MLX: 1310
Financial Information
Tax Legal Description: LINCOLN SUB PB 9-69 LOT 13 BLK 62 LOT SIZE 50.000 X 150 OR 12428-2647 0285 4
Status Change Information
Major Change Timestamp: 2026-06-26T15:05:21Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-26T15:05:21Z
Status Change Date: 2026-02-20
Originating Details
Originating System Key: 427809298
Originating System ID: M00000151
Property Features
Building Features: Exterior Lighting
Common Area Maintenance Includes: Lawn Care; Management Fees; Real Estate Tax; Sewer; Water
Documents Available: Aerial Photo(s); Contracts; Copy Of Lease(s); Deed; Rent Rolls
Flooring: Tile; Vinyl
Heating: Central Individual; Electric
Location of Property: City Location; In Residential Area; Other
Possession: Close Of Escrow
Property Condition: Resale
Sale Includes: Building; Land; Leases
Source Of Expenses: Books; Owner Provided; Tax Return
Tenant Pays: Electricity; Interior Electric
Construction Materials: Block
Cooling: Central Individual
Listing Terms: Cash; Conventional
Lot Features: Landscaped
Roof: Other
Security Features: Smoke Detector(s)
Utilities: Sewer Available
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent
Listing Office: The Corcoran Group
Last Updated: November - 03 - 2026
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