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960 Jefferson Ave 12 Unit Apartment Building $7,584,115 CAD ($632,010 CAD/Unit) 5.19% Cap Rate Miami Beach, FL 33139

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INVESTMENT HIGHLIGHTS

  • Fully Gut Renovated in 2024
  • State of the Art Intercom System
  • Secured Courtyard
  • New Electrical & Plumbing
  • Impact Windows Thru Out
  • 1 Block to Flamingo Park & Tennis

EXECUTIVE SUMMARY

Turnkey 12-Unit Luxury Multifamily in Prime South Beach
Fully renovated and stabilized 12-unit multifamily asset located in the heart of Miami Beach’s highly desirable Art Deco District, just one block from Flamingo Park & Tennis Center. 960 Jefferson features a curated mix of modern one- and two-bedroom units, each upgraded with premium finishes including quartz countertops, stainless steel appliances, designer tile, and modern lighting.
All major systems have been replaced or upgraded, making this a true turnkey investment opportunity. The building is fully compliant with modern codes and delivers strong in-place income with future upside potential. Situated in the heart of South Beach and benefiting from over $220M in public funded improvements, the property is ideally positioned for long-term appreciation. With a Walk Score of 96, residents are steps from world-class shopping, dining, beaches, parks, and public transit. The South Beach submarket remains one of the most resilient and supply-constrained rental markets in the country, offering both stability and growth. Contact us for the full financial package or to schedule a private tour.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $7,584,115 CAD
Price Per Unit $632,010 CAD
Sale Type Investment
Cap Rate 5.19%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.17 AC
Building Size 7,524 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1936/2024
Zoning RM-1, Miami Beach - Allows low-intensity multifamily residential development.

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Deck
  • Dining Room
  • Double Pane Windows
  • Garden
  • Instant Hot Water
  • Intercom
  • Linen Closet
  • Patio
  • Window Coverings
  • Quartz Countertops

SITE AMENITIES

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Pet Play Area
  • Vintage Building
  • Private Bathroom
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 8 $3,220 CAD 385 - 450
2+1 4 $4,013 CAD 620 - 650
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-4203-009-6690
Land Assessment
$1,544,402 CAD (2025)
Improvements Assessment
$6,062 CAD (2025)
Total Assessment
$1,550,463 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
  • Listing ID: 35505642

  • Date on Market: 2025-04-16

  • Last Updated:

  • Address: 960 Jefferson Ave, Miami Beach, FL 33139

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