1553 Jefferson Avenue
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...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 and 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 and pro formas.
- Listed by Neal Deputy • The Keyes Company
Property Details for 1553 Jefferson Avenue
Property Details for 1553 Jefferson Avenue
| Status | Active |
|---|---|
| MLS # | A10893075 |
| Days on Market | 1583 |
| Taxes | $21,386 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Commercial/Industrial / Income/Multi Family |
| Year Built | 1935 |
| Lot Size | 0.17 AC / 7,500 SF |
| County | Miami-Dade County |
Building Information for 1553 Jefferson Avenue
Property Information for 1553 Jefferson Avenue
- Parcel Number Free Text: 02-32-34-002-1320
- Parcel Number MLX: 1320
- MLS Area: 32
- Township Range: 32
- Section: 34
- Subdivision Number: 2
- Unit Count: 0
- Zoning Information: 3900
- Num Parking Spaces: 3
- Style of Property: Income Non-Waterfront
- Prop Type-Type of Building: Apartments, Residential-Single Family
- Road Type: Two Lane
- Building Sq Ft: 5,900
- Num Meters: 6
- Location of Property: Central Business District
- Lot Frontage: 50
- Approximate Lot Size: 7500
- Property Sq Ft: 7500
- Num Buildings: 2
- Num Floors: 2
- Road Frontage: City Road
- Construction: Concrete Block Construction
- Construction Type: Concrete Block Construction
- Roof Description: Barrel Roof
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A10893075
- Heating Description: Central Building A/C, Wall/Window Units
- Cooling Description: Central Building A/C, Wall/Window Unit Cooling
- Water Description: Public Water
- Sewer Description: Public Sanitation
- Guest Accommodations: No
- Tenant Pays: Interior Electric, Gas/Oil
- Storm Protection: Clear Impact Glass, Complete Panel Shutters/Awnings
- Dade Market Amt Assessed Amt: 1,146,758
- Total Mortgage: $0
- Flood Zone: AE
- Special Information: Use Conforms To Zoning, Flood Zone
- Information Available: Books & Records, Drawings, Copy Of Lease(S), Owner Managed, Photos, Site Plans, Existing Survey
- Deposit Information: First Month Rent, Last Month Rent, Security Deposit
- Sale Includes: Building & Land
Property History for 1553 Jefferson Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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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.
