848 Jefferson Ave, Miami Beach FL 33139 | Miami-Dade County | A12112001
- $3,000,000
- $3,000,000
Description
Excellent opportunity to acquire a 14-unit multifamily investment property in the heart of South Beach, Miami Beach. The property consists of 12 studio apartments and 2 one-bedroom units, generating an actual annual Net Operating Income (NOI) of $98,200, with Potential Gross Income (PGI) of $163,000.
The property offers compelling value-add potential through interior renovations and unit reconfigurations. Notably, 10 of the 12 studios feature spacious “junior one-bedroom” layouts, presenting an opportunity to potentially convert these units into true one-bedroom apartments, subject to applicable building requirements and approvals. Combined with strategic interior improvements, these enhancements offer an opportunity to increase rental revenue, strengthen operating performance, and enhance long-term asset value.
Ideally located in a highly walkable South Beach neighborhood, residents enjoy convenient access to grocery stores, dining, public transportation, local employment centers, and Flamingo Park, with the world-famous beaches of Miami Beach just a short distance away.
This property presents an attractive opportunity for investors seeking an established income-producing multifamily asset with additional upside potential in one of South Florida’s most desirable coastal rental markets.
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This listing is courtesy of Cardenas Larocca Real Estate LLC.
Listing data courtesy of MIAMI Association of REALTORS (RAPB/GFLR) via Bridge Interactive. Copyright SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.
Address
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Address: Jefferson Ave
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City: Miami Beach
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Zip/Postal Code: 33139
Details
Updated on October 24, 2026 at 12:42 pm-
Property ID A12112001
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Price $3,000,000
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Year Built 1939
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Property Status Active, Commercial Sale
Additional details
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Inclusions Equipment,Furniture/Fixtures,Leases
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Listing Terms All Cash, Conventional/Refinance, Exchange, Owner Will Carry
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Total Stories 2
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Waterfront No
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Association No
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Private Pool No
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Parking On Street
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Annual Tax 39209
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Building Area 7660
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Lot Size (Sq Ft) 7000
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Flood Zone AE
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New Construction No
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