1124 Pennsylvania Ave, Miami Beach, Florida 33139
MLS#: A11758768
$3,500,000 USD
- Apartment
756 m² (8,140 ft²)
Listed By The Keyes Company
The Apartment for Sale located at Miami Beach, Florida 33139 is currently for sale. Miami Beach, Florida 33139 is listed for $3,500,000. If the property located at Miami Beach, Florida 33139 isn't what you're looking for, visit https://www.sfpropertysearch.com to see other Apartments for Sale in Miami Beach .
Date Updated : Mar 7, 2025
Property features
Construction details
- Year built: 1948
- Building condition: Remodeled
- Roofing: Concrete
Other features
- Cooling system: Wall Or Window Units
Area
- Property size:
756 m² (8,140 ft²)
Description
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
Location
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.