1124 Pennsylvania Ave, Miami Beach, FL

$3,300,000

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8,140

Square feet

About 1124 Pennsylvania Ave

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

Features of 1124 Pennsylvania Ave

MLS® # A11873913
Price $3,300,000
Bathrooms 0.00
Square Footage 8,140
Acres 0.00
Year Built 1948
Type Residential Income
Sub-Type Quadruplex
Style Fourplex
Status Active Under Contract

Community Information

Address 1124 Pennsylvania Ave
Area 42
Subdivision OCEAN BEACH ADDN NO 3
City Miami Beach
County Miami-Dade
State FL
Zip Code 33139-4562
HOPA No Hopa

Amenities

Utilities Cable Available
Is Waterfront No
Has Pool No

Interior

Interior Parquet
Heating Electric
Cooling Electric
Fireplace No
# of Stories 2
Stories Two

Exterior

Roof Flat
Construction Block

Additional Information

HOA Fees Freq. Annually

Listing Details

OfficeThe Keyes Company

Listing Map

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