1124 Pennsylvania Ave, Miami Beach, FL 33139

Local realty services provided by:ERA South Dade Realty
#1#2#3
1124 Pennsylvania Ave,Miami Beach, FL 33139
$3,500,000
Virtual Tour
  • - Beds
  • - Baths
  • 8,140 sq. ft.
  • Multi-family
  • Active
Listed by:fabrizio passatore
Office:the keyes company
MLS#:A11758768
Source:SEFMLS

Price summary

  • Price:$3,500,000
  • Price per sq. ft.:$429.98

About this home

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

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Home facts

  • Year built:1948
  • Listing Id #:A11758768
  • Updated:August 19, 2025 at 03:25 PM

Rooms and interior

  • Living area:8,140 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Concrete, Flat
  • Year built:1948
  • Building area:8,140 sq. ft.

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,500,000
  • Price per sq. ft.:$429.98
  • Tax amount:$33,824 (2024)
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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