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1553 Jefferson Avenue, Miami Beach, FL 33139 (MLS# A10893350)

1553 Jefferson Avenue, Miami Beach, FL 33139

$1,000,000
Property Type: Residential Income Square Footage: 3,902 Status: Closed
Current Price: $1,000,000 List Date: 7/15/2020 Last Modified: 8/11/2026

Overview

Description

1553 Jefferson presents a unique opportunity for the builder or investor. The 7500 SF site contains a Fourplex and a Detached Single Family Home steps from Lincoln Road. Potential upside includes;Significant Vacant Land;Zoning allows a buildout of 9375 SF. Although the 3,300 SF Fourplex is designated historic, the House at rear is undesignated and can be demo'd or added to for a total additional 6,200 SF of new construction. Unit Mix;All Fourplex units are ~800 SF. Two have been converted into 2BR units significantly increasing rents & desirability. 2BR rental units are increasingly difficult to find in this area and command a premium price. underMarket Rents; Rents are currently 25% below market. All MTM. See attached OM for various development scenarios & pro formas.

Supplements: Fantastic opportunity to exploit an existing income generating property with tremendous upside. Complex can be retained and operated as is or upgraded. Parcel contains both a Fourplex and an SFR.

Listing Details MLS# A10893350

General Property Information

Property Sub Type
Quadruplex
Building Area Main
3902
Living Area Main
3902
Adjusted Area Main
6181
Year Built
1935
Parking Total
3
Stories Total
2
Pool Private YN
No

Property Features

Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Deposit - Security; Existing Survey; Other Available Information; Rent Rolls; Service Contracts Flooring: Marble; Wood Structure Type: Multi Family Construction Materials: Block Cooling: Central Air; Wall/Window Unit(s) Heating: Central; Separate Meters; Window/Wall Listing Terms: Cash; Conventional; Owner Will Carry Possession: Negotiable Roof: Barrel Sewer: Public Sewer Special Information: Handyman Special; Property Survey Available Tax Information: County Only Utilities: Cable Available Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent Contingencies: Inspection

Contract Information

Comp Sale YN
No
Original List Price
1399000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
1553
Street Name
Jefferson
Street Suffix
Avenue
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Code +4
3406
Postal Zip
33139
Subdivision Name
LINCOLN SUB
Area
2320
Parcel Number
0232340021320
Subdivision Number
2
Zoning
3900
Flood Zone
AE
Multiple Offers Accepted
Yes

Financial Information

Tax Annual Amount
21386
Tax Year
2019
Tax Legal Description
LINCOLN SUB PB 9-69 LOT 14 BLK 62 LOT SIZE 50.000 X 150 OR 12353-0499 1184 4

Status Change Information

Major Change Timestamp
2021-01-15T05:48:34Z
Major Change Type
Status Change
Price Change Timestamp
2020-09-21T15:12:17Z
Status Change Date
2021-01-14
Under Contract Date
2020-12-16
Close Date
2021-01-14
Close Price
1000000
Buyer Financing
Cash

More Information

Income and Expenses

Gross Income
98400
Net Operating Income
61950
Total Expenses
36450

Storm Protection

Panel Shutters
Complete

Buyer Details

Intended Use
Investment

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
256.28

Section Details

Parcel Number MLX
1320

Originating Details

Originating System Key
348282900
Originating System ID
M00000151

Office/Member Information

DXORIGMLSID
SEF

Flooring

Marble
Yes
Wood
Yes

Special Information

Handyman Special
Yes
Property Survey Available
Yes

Documents Available

Copy Of Lease(s)
Yes
Deposit - Last Months Rent
Yes
Deposit - Security
Yes
Existing Survey
Yes
Other Available Information
Yes
Rent Rolls
Yes
Service Contracts
Yes

Structure Type

Multi Family
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

Heating

Central
Yes
Separate Meters
Yes
Window/Wall
Yes

Construction Materials

Block
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Owner Will Carry
Yes

Roof

Barrel
Yes

Water Source

Public
Yes

Cooling

Central Air
Yes
Wall/Window Unit(s)
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes

Tax Information

County Only
Yes

Contingencies

Inspection
Yes
IDX
Listing Office: The Keyes Company
Last Updated: August - 11 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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