960 Jefferson Ave - Apartments FOR SALE


Miami Beach, FL 33139- Flamingo
$5,800,000 USD
305-403-8686
960 Jefferson Ave, Miami Beach, FL for Sale
$5,800,000 USD
Apartments - FOR SALE
1/14
null | 4.93% Cap Rate

960 Jefferson Ave
Miami Beach, FL 33139
Flamingo


HIGHLIGHTS

  • Fully Gut Renovated in 2024
  • New Electrical & Plumbing
  • State of the Art Intercom System
  • Impact Windows Thru Out
  • Secured Courtyard
  • 1 Block to Flamingo Park & Tennis

OVERVIEW

Turnkey 12-Unit Luxury Multifamily in Prime South Beach Fully renovated and stabilized 12-unit multifamily asset located in the heart of Miami Beach’s highly desirable Art Deco District, just one block from Flamingo Park & Tennis Center. 960 Jefferson features a curated mix of modern one- and two-bedroom units, each upgraded with premium finishes including quartz countertops, stainless steel appliances, designer tile, and modern lighting. All major systems have been replaced or upgraded, making this a true turnkey investment opportunity. The building is fully compliant with modern codes and delivers strong in-place income with future upside potential. Situated in the heart of South Beach and benefiting from over $220M in public funded improvements, the property is ideally positioned for long-term appreciation. With a Walk Score of 96, residents are steps from world-class shopping, dining, beaches, parks, and public transit. The South Beach submarket remains one of the most resilient and supply-constrained rental markets in the country, offering both stability and growth. Contact us for the full financial package or to schedule a private tour.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$771 USD /SF

# OF UNITS

12

PRICE/UNIT

$483,333

CAP RATE

4.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RM-1, Miami Beach

APN/PARCEL ID

02-4203-009-6690

ASK ABOUT THIS PROPERTY

Laura VeitiaUrban Resource LLCMore Info
305-403-8686

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Laura VeitiaUrban Resource LLCMore Info
305-403-8686

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.