1561 Jefferson Ave.

Reposition apartments, quarterly income grows

South Beach duplex, 5 beds / 4 baths across 10,334 sqft after a full building renovation.

Value-add strategy on a duplex at 1561 Jefferson Avenue in Miami Beach, Florida, within the Flamingo / South Beach submarket. The public listing identifies the property as a duplex with 5 bedrooms, 4 baths, and 10,334 square feet after a complete two-year renovation of mechanical and electrical wiring, plumbing, insulation, flooring, and interior finishes. The listing describes modern rental spaces ranging from 450 to 895 square feet with hurricane-impact windows, in-unit washer/dryer, refrigerators, and dishwashers. The strategy underwrites stabilized rental-income optimization rather than heavy renovation capital, with upside from lease-up, operating efficiency, and future rent progression within the South Beach comparable set. Asking basis of 4.25 million dollars reflects the renovated condition, income-property positioning, and Flamingo / South Beach location. Capital deployment is weighted toward leasing, operations, selective refreshes, and carry through stabilization. Returns are targeted from NOI improvement and the valuation effect of a stabilized renovated rental asset.

Address

1561 Jefferson Ave.

City

Miami Beach, FL

ZIP

33139

Beds

5

Baths

4

Living sqft

10,334

Lot sqft

Pending

Year built

Pending

Waterfront

No waterfront

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