Miami Beach, FL 33139 1060 Pennsylvania Ave 4
$159,000
7 more
Presented By: This listing is courtesy of United Realty Group Inc;
Baths • 1
SQFT • 380
Home Details
INVESTORS!!! Make almost 13% annual ROI with this cash cow rented at $1,700 / month. Prime South Beach location – updated and fully furnished studio. Building has passed 40-year recertification and owns the land outright. ~$700K in capital improvements completed in the last 5 years (electrical, structural, roof). No special assessments. Low HOA paid yearly. Well-managed, extremely quiet, and safe building. Unit features two entrances, including a private street entrance. Tenant-occupied through December 2025 – steady rental income. Cash-only purchase. NO short term rentals. Rent minimum twice per year. Contact listing agent @oberdel (Ober Delgado) for a showing
Presented By: This listing is courtesy of United Realty Group Inc;
Interior Features for 1060 Pennsylvania Ave 4
Bedrooms
Total Bedrooms
Bathrooms
Half Baths0
Total Baths1
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringLaminate
Furnished Y/NFurnished
Heating Y/NYes
Interior AmenitiesBedroomOnMainLevel, ClosetCabinetry, FirstFloorEntry
Total Stories2
Other Rooms
Entry Level1
General for 1060 Pennsylvania Ave 4
Additional Parcels Y/NNo
AppliancesGasRange
Architectural StyleGardenApartment
Assoc Fee Paid PerAnnually
Association AmenitiesNone
Association Fee IncludesLaundry, MaintenanceGrounds, Sewer
Attached Garage No
Carport Spaces0.0
Carport Y/NNo
CityMiami Beach
Construction MaterialsBlock
CoolingWallWindowUnits
CountyMiami-Dade
DisclosuresNone
Entry Location1
Full Baths1
Garage Spaces0.0
Garage Y/NNo
HOAYes
HOA Fee$5783.0
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionPENN ELEVEN CO-OP OCEAN BEACH ADDN NO 3 PB 2-81 LOTS 1 & 2 BLK 43 1 VOTE OF 35 OR 16690-2300 0295 1 COC 25765-1006 02 2007 5
Listing TermsCash
Living Area380.0
Lot Size UnitsSquareFeet
MLS Area42
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeTenant
Pets AllowedNo, PetRestrictions
PossessionCloseOfEscrow
PostalCityMiami Beach
Property Attached Y/NYes
Property Sub Type AdditionalCondominium
Property SubtypeCondominium
Property TypeResidential
Rent Control Y/NNo
RestrictionsOkToLease, RentingLimited
Security FeaturesOther
Senior Community Y/NNo
Showing InstructionsAppointment Only, Call Listing Agent, Showing Assist
Standard StatusActive
StatusActive
Subdivision NamePENN ELEVEN CO-OP
Tax Annual Amount1114.0
Tax Year2024
Total Rooms0
Unit Number4
ViewGarden
Virtual TourClick here
Year Built1962
Year Built DetailsResale
Exterior for 1060 Pennsylvania Ave 4
Building Area Total380.0
Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesCourtyard
Horse Y/NNo
Irrigation Water Rights Y/NNo
Parking FeaturesOnStreet
Private PoolNo
SpaNo
Waterfront Y/NNo
Additional Details
Price History
Jessica Rosenberg
Realtor®
