848 Jefferson Ave, Miami Beach FL 33139 | Miami-Dade County | A12112001
  • $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: Jefferson Ave
  • City: Miami Beach
  • Zip/Postal Code: 33139

Details

Updated on October 24, 2026 at 12:42 pm
  • Property ID A12112001
  • Price $3,000,000
  • Year Built 1939
  • Property Status Active, Commercial Sale

Additional details

  • Inclusions Equipment,Furniture/Fixtures,Leases
  • Listing Terms All Cash, Conventional/Refinance, Exchange, Owner Will Carry
  • Total Stories 2
  • Waterfront No
  • Association No
  • Private Pool No
  • Parking On Street
  • Annual Tax 39209
  • Building Area 7660
  • Lot Size (Sq Ft) 7000
  • Flood Zone AE
  • New Construction No

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