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Investment Opportunity

Miami Investmens

1124 Pennsylvania Ave Miami Beach FL 33139 MLS #A11873913

1124 Pennsylvania Ave
Miami Beach, FL, 33139
$3,300,000
Beds
0 Bathrooms
8,140 SqFt
0 Acres
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$3,300,000
1124 Pennsylvania Ave
Miami Beach, FL, 33139
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Project Description

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

Property Details

Price:
$3,300,000
MLS #:
A11873913
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
OCEAN BEACH ADDN NO 3
Neighborhood:
oceanbeachaddnno3
Listed Date:
Sep 7, 2025
Finished Sq Ft:
8,140
Total Sq Ft:
8,140
Year Built:
1948
Ocean Beach Addn No 3Oceanbeachaddnno3Ocean Beach Addn No 3

Schools

Interior

Cooling
Electric
Flooring
Parquet
Heating
Electric

Exterior

Architectural Style
Attached, Old Spanish
Construction Materials
CBS Construction
Roof
Flat Roof With Facade Front

Financial

HOA Frequency
Annually
Tax Year
2025
Taxes
$33,824

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Quick Information

Profitability of the Property

Net Monthly Income:
Annual Profitability of:
1124 Pennsylvania Ave
Miami Beach, FL