1. Florida
  2. Miami Beach
  3. 1124 Pennsylvania Ave
$3,500,000

1124 Pennsylvania Ave, Miami Beach, FL 33139

  • 8,140 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1948
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $430/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Exclusive Investment Opportunity in Miami Beach Almost completely renovated 12-unit, 8,140 SF low-rise building seamlessly blends historic charm with modern appeal, offering investors a prime multifamily asset in a prestigious location. Property Highlights: ? Turnkey Investment – Fully renovated with new roof (August 2024) ? Strong Rental History – 95% occupancy rate, ensuring stable cash flow ? Unit Mix & Sizes: 8 Studios (Avg. 500 SF) – Rented at $1,650/month - 4 One-Bedroom Units (Avg. 700 SF) – Rented at $2,100/month ? Recertification Passed – Fully compliant and up to code ? Projected Cap Rate: 6.76% upon rental completion ART DECO` DISTRICT

Listing Status:
Active
Date Added:
March 1, 2025 at 06:00AM
Listing Office:
The Keyes Company : 305-8987224
Listing Agent:
Fabrizio Passatore : 305-898-7224
MLS ID:
A11758768
  • Flooring: Wood
  • A/C: Wall/Window Unit(s)
  • Heating: Window/Wall

This listing courtesy of Fabrizio Passatore, The Keyes Company

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Fienberg/Fisher K-8 Center

1420 Washington Ave, Miami Beach, FL, 33139

Grades PK-5

0.28 miles away

N

Nautilus Middle School

4301 N Michigan Ave, Miami Beach, FL, 33140

Grades 6-8

2.23 miles away

M

Miami Beach Senior High School

2231 Prairie Ave, Miami Beach, FL, 33139

Grades 9-12

1.19 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.