1561 Jefferson Ave.

Reposition apartments, quarterly income grows

Flamingo/South Beach 10-unit multifamily, 10,334 sqft renovated top-to-bottom (1957 structure).

Value-add strategy on a 10-unit multifamily building at 1561 Jefferson Avenue in Miami Beach, Florida, within the Flamingo / South Beach submarket. The 10,334-sqft structure dates to 1957 and has been fully renovated top-to-bottom, which materially shifts the value-add posture from capital-intensive repositioning to operational and rent-level optimization. With the major capital work already completed, the strategy underwrites rent progression into the updated-unit comparable set for the submarket, operational efficiencies across the unit base, and measured unit-level refreshes as longer-tenured units turn. The building's South Beach location and the scale of the unit count support institutional or family-office-level operational management. Hold duration is expected to span a value-add multifamily window focused on rent progression and stabilized hold rather than heavy renovation capital. Asking basis of 4.75 million dollars reflects the unit count, the completed renovation, and the Flamingo / South Beach positioning. Capital deployment is weighted toward operational positioning and selective unit refreshes at turnover, with the top-to-bottom renovation reducing the structural capital backlog. Returns are targeted from the NOI uplift attributable to rent repositioning and operational improvement, along with the valuation effect at stabilization, in a building where the capital-work risk has been largely taken off the table by the prior renovation.

Address

1561 Jefferson Ave.

City

Miami Beach, FL

ZIP

33139

Beds

10

Baths

10

Living sqft

10,334

Lot sqft

7,500

Year built

1957

Waterfront

NONE

Value-add economics model using acquisition basis, improvement envelope, maturity, and downside/upside stabilized-value scenarios. Detailed sponsor line items are shown when a full proforma is available.

Source: strategy economics model · figures are forward-looking estimates · not a guarantee of return