1124 Pennsylvania Ave
Miami Beach, FL 33139
- – beds
- – baths
- 8,140 sqft
- $429 per sqft
- 1948 build
- – on site
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
Last checked:
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Last updated Mar 7, 2025
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MLS# A11758768 —
The Building
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Year Built:1948
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Year Built Details:Resale
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Construction Materials:Block
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Architectural Style:Fourplex
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Stories:2
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Levels:Two
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Roof:Concrete, Flat
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Window Features:ImpactGlass
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Building Area Total:8140.0
Interior
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Flooring:Hardwood, Wood
Room Dimensions
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Living Area:8140.0
The Property
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Parcel Number:02 42 03 009 1040
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Property Type:ResidentialIncome
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Property Subtype:Quadruplex
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Property Subtype Additional:Quadruplex
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Zoning Description:3900
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Lot Features:LessThanQuarterAcre
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Lot Size Units:SquareFeet
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (305) 898-7224
- Office phone:
- (305) 898-7224
Taxes
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Tax Year:2024
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Tax Annual Amount:$33,824
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Tax Legal Description:OCEAN BEACH ADDN NO 3 PB 2-81 LOT 3 BLK 42 LOT SIZE 50.000 X 140 OR 21070-1416 0203 1
The Listing
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Virtual Tour Unbranded:
Heating & Cooling
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Heating:WallFurnace
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Heating:true
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Cooling:WallWindowUnits
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Cooling:true
Utilities
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Utilities:CableAvailable
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Sewer:PublicSewer
The Community
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Subdivision Name:Ocean Beach Addn No 3
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Pool Features:None
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Association Fee Frequency:Annually
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/7/25
Mar 7, 2025
|
Listed / Active | MLSM | $3,500,000 |
