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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



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.
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 | Apartment Style | Low-Rise |
| Price Per Unit | $632,010 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.19% | Building Size | 7,524 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1936/2024 |
| Zoning | RM-1, Miami Beach - Allows low-intensity multifamily residential development. | ||
| 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)
PROPERTY TAXES
| Parcel Number | 02-4203-009-6690 | Total Assessment | $1,550,463 CAD (2025) |
| Land Assessment | $1,544,402 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $6,062 CAD (2025) | Tax Year | 2024 |
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
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960 Jefferson Ave
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