Penn Plaza, 1027 Pennsylvania Ave #101

Own in Penn Plaza?
1
Beds
1
Baths
580
SqFt
$438
$/SqFt
Premium Condo
Built in 1925
$487/mo HOA
Fence
NEW REDUCED PRICE + RESERVES FOR FINANCING! JUST STEPS FROM THE BEACH, THIS PROPERTY IS AN INVESTOR SPECIAL –CASH FLOW FROM DAY ONE! FULLY RENTED 1BD/1BA CONDO IN THE HEART OF SOUTH BEACH, GENERATING $2,000/MONTH WITH A LEASE SECURED THROUGH JANUARY 2026. ENJOY ZERO VACANCY RISK AND IMMEDIATE, GUARANTEED RETURNS. - IT'S A MUST SEE - SITUATED IN ONE OF MIAMI’S MOST IN-DEMAND RENTAL MARKETS, THIS BRIGHT AND SPACIOUS UNIT FEATURES AN OPEN LAYOUT, STAINLESS STEEL APPLIANCES, A WALK-IN CLOSET, AND A GENEROUSLY SIZED KITCHEN.
MLS Number: A11643933
On Site: 789 Days
Updated: 393 Days ago
Page Views: 0
See something off? Wrong price, photos, beds, or a status that already changed.

Features

Bedrooms
  • Bedrooms: 1
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Fence
  • View: Other
Interior, Heating and Cooling
  • Interior Features: BedroomOnMainLevel, FirstFloorEntry
  • Equipment / Appliances: Dishwasher, ElectricRange, Microwave, Refrigerator, TrashCompactor
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: Vinyl
  • Year Built: 1925
  • Year Built Description: Resale
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
    Other Property Info
    • Garage: No info
    • Listing Date: 2024-08-19T14:05:59.000-00:00
    • Pets Allowed: Conditional,Yes
    Taxes, Fees & More
    • Maintenance Includes: Insurance, Laundry, MaintenanceStructure
    • Taxes: 3408
    • Security Information: ComplexFenced
    • Parking Description: OnStreet
    • Total Floors in Building: 3

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    Price History

    Current
    $254K
    High
    $265K
    Low
    $254K
    Total Change
    -4.2%
    $266K$260K$253KAug 24Mar 25Apr 25May 25May 25
    Date
    Event
    Price
    Change
    Price Per
    05/27/2025
    Price Reduced
    $254K
    -1.17%
    $438 ft2
    $4,714 m2
    05/02/2025
    Price Reduced
    $257K
    -1.15%
    $443 ft2
    $4,770 m2
    04/08/2025
    Price Reduced
    $260K
    -0.76%
    $448 ft2
    $4,825 m2
    03/07/2025
    Price Reduced
    $262K
    -1.13%
    $452 ft2
    $4,862 m2
    08/19/2024
    Listed
    $265K
     
    $457 ft2
    $4,918 m2
    05/27/2025
    $254K
    Event
    Price Reduced
    Change
    -1.17%
    Price Per
    $438 ft2
    $4,714 m2
    05/02/2025
    $257K
    Event
    Price Reduced
    Change
    -1.15%
    Price Per
    $443 ft2
    $4,770 m2
    04/08/2025
    $260K
    Event
    Price Reduced
    Change
    -0.76%
    Price Per
    $448 ft2
    $4,825 m2
    03/07/2025
    $262K
    Event
    Price Reduced
    Change
    -1.13%
    Price Per
    $452 ft2
    $4,862 m2
    08/19/2024
    $265K
    Event
    Listed
    Price Per
    $457 ft2
    $4,918 m2
    Price per square foot and days on website are not provided values and are calculated by Subdivisions.
    Listed by Ober Delgado Quiroz • United Realty Group Inc • Buyer Agency Compensation .
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    Community Snapshot
    2 – 2 BR
    Bedrooms
    $329K – $425K
    Price Tier
    490 - 930
    SqFt Range
    1925
    Year Build
    3
    Total Floors
    30
    Total Units

    Subdivision Amenities

    Bike Storage
    Elevators
    Laundry
    Maintenance
    None

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