1124 Pennsylvania Ave Miami Beach FL 33139 MLS #A11758768

1124 Pennsylvania Ave
Miami Beach, FL, 33139
$3,500,000
Beds
0 Baths
8,140 SqFt
0 Acres
Add
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

Property Details

Price:
$3,500,000
MLS #:
A11758768
Status:
Active
Beds:
0
Baths:
0
Address:
1124 Pennsylvania Ave
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
OCEAN BEACH ADDN NO 3
Neighborhood:
Ocean Beach Addn No 3
City:
Miami Beach
Listed Date:
Mar 1, 2025
State:
FL
Finished Sq Ft:
8,140
Total Sq Ft:
8,140
ZIP:
33139
Year Built:
1948
Ask a Question

See this Listing

Send
  

CENTURY 21 Carioti

CENTURY 21 Carioti

Florida, Real Estate

Phone 800 783-8847

CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.

More About CENTURY

Mortgage Calculator

 

Schools

Interior

Cooling
Wall/ Window Unit(s)
Flooring
Wood
Heating
Window/ Wall

Exterior

Architectural Style
Attached
Construction Materials
C B S Construction
Roof
Concrete, Flat Roof With Facade Front

Financial

HOA Frequency
Annually
Tax Year
2024
Taxes
$33,824

Map

Community

Similar Listings Nearby

disclosure
Courtesy of The Keyes Company. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Miami, FL. All rights reserved.
Rover IDX
1124 Pennsylvania Ave
Miami Beach, FL