Miami Beach, FL 33139 1124 Pennsylvania Ave
$3,300,000
22 more
Presented By: This listing is courtesy of The Keyes Company; 305-898-7224
SQFT • 8,140
Home Details
12 units Exclusive Investment Opportunity in Miami Beach Almost completely renovated 12-unit, 8,140 SF low-rise buildingseamlessly blends historic charm with modern appeal, offering investors a prime multifamily asset in a prestigiouslocation. Property Highlights: ? Turnkey Investment – Fully renovated with new roof (August 2024) ? Strong RentalHistory – 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 – Fullycompliant and up to code ? Projected Cap Rate: 6.76% upon rental completion ART DECO` DISTRICT
Presented By: This listing is courtesy of The Keyes Company; 305-898-7224
Interior Features for 1124 Pennsylvania Ave
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringParquet
Heating Y/NYes
General for 1124 Pennsylvania Ave
Additional Parcels Y/NNo
Architectural StyleFourplex
Assoc Fee Paid PerAnnually
Attached Garage No
AttributionContact305-898-7224
Carport Y/NNo
CityMiami Beach
Construction MaterialsBlock
CoolingElectric
CountyMiami-Dade
Garage Y/NNo
HOANo
HOA Fee$0.0
HeatingElectric
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionOCEAN BEACH ADDN NO 3 PB 2-81 LOT 3 BLK 42 LOT SIZE 50.000 X 140 OR 21070-1416 0203 1
LevelsTwo
Listing TermsCash, Conventional, Exchange1031
Lot Size UnitsSquareFeet
MLS Area42
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeCallAgent
Pool FeaturesNone
PossessionNegotiable
PostalCityMiami Beach
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Rent IncludesGardener, HotWater, PestControl, Sewer, TrashCollection, Water
RoofFlat
Senior Community Y/NNo
SewerPublicSewer
Showing Instructions24 Hour Notice, Appointment Only, Call Listing Agent
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameOCEAN BEACH ADDN NO 3
Tax Annual Amount33824.0
Tax Year2025
UtilitiesCableAvailable
Virtual TourClick here
Year Built1948
Year Built DetailsResale
Zoning Description3900
Exterior for 1124 Pennsylvania Ave
Building Area Total8140.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLessThanQuarterAcre
Private PoolNo
SpaNo
Total Parking0.0
Waterfront Y/NNo
Additional Details
Price History
Hector Correa
Realtor
