1553 Jefferson Avenue
1553 Jefferson Avenue
Closed 1/14/21
Closed 1/14/21
Description
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...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. under
Market Rents;
Rents are currently 25% below market. All MTM. See attached OM for various development scenarios & pro formas.
- Listed by Neal Deputy • The Keyes Company
Property Details for 1553 Jefferson Avenue
Location
Sold By The Keyes Company
Property Details for 1553 Jefferson Avenue
| Status | Closed |
|---|---|
| MLS # | A10893350 |
| Days on Market | 130 |
| Taxes | $21,386 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1935 |
| Lot Size | - |
| County | Miami-Dade County |
Location
Sold By The Keyes Company
Building Information for 1553 Jefferson Avenue
Payment Calculator
$7,240 per month
30 year fixed, 7.25% Interest
$5,457
$1,782
$0
Property Information for 1553 Jefferson Avenue
- Parcel Number Free Text: 02-32-34-002-1320
- Parcel Number MLX: 1320
- MLS Area: 32
- Municipal Code: 2
- Township Range: 32
- Section: 34
- Subdivision Number: 2
- Subdivision Complex Bldg: LINCOLN SUB
- Unit Count: 0
- Zoning Information: 3900
- Num Parking Spaces: 3
- Property Type Information: Detached
- Lot Description: Less Than 1/4 Acre Lot
- Pool: No
- Construction: Concrete Block Construction
- Construction Type: Concrete Block Construction
- Roof Description: Barrel Roof
- Flooring: Marble Floors, Wood Floors
- Floor Description: Marble Floors, Wood Floors
- Heating Description: Central Heat, Window/Wall
- Cooling Description: Central Cooling, Wall/Window Unit Cooling
- Water Description: Municipal Water
- Sewer Description: Municipal Sewer
- Separate Meter: Yes
- Cable Available: Yes
- Guest Accommodations: No
- Rent Includes: Hot Water, Lawn Care, Pest Control, Sewer, Trash Removal, Water
- Storm Protection: Clear Impact Glass, Complete Panel Shutters/Awnings
- Total Mortgage: $0
- Type of Association: None
- Flood Zone: AE
- Tax Year: 2019
- Tax Information: Tax Reflects County Only Tax
- Special Information: Documents Available, Handyman Special, Survey Available
- Information Available: Accounting Statements, Deposit - Last Months Rent, Deposit - Security, Copy Of Lease(S), Other Available Information, Rent Rolls, Service Contracts, Existing Survey
Property History for 1553 Jefferson Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1553 Jefferson Avenue
Schools near 1553 Jefferson Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | PK to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Air Base K-8 Center for International Education PublicPK to 8 | ||
Fienberg/Fisher K-8 Center PublicPK to 8 | ||
Nautilus Middle School Public6 to 8 | ||
Robert Morgan Voc-Tech Institute Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of The Keyes Company
Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
