Penn Plaza, 1027 Pennsylvania Ave #101, Miami Beach, FL 33139

262,000(-0.76% )
$260,000Price
1Beds
1Baths
580SqFt

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Details

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Status:
Active
Parking: No info
Size: 580 ft2 / 54 m2
Price: $448 ft2 / $4,825 m2
Type: Condo
Built: 1925
HOA: $466/MO
MLS Number: A11643933
View: Other
On Site: 251 Days
Updated: 7 Days ago
Page Views: 0
Investor special – cash flow from day one! This is the income-producing asset you’ve been waiting for! Fully rented 1bd/1ba south beach condo generating $2,000/month with a locked-in lease through january 2026. That’s zero vacancy risk and immediate, guaranteed returns. Located just steps from world-famous beaches in one of miami’s highest-demand rental zones, this light-filled unit features an open layout, stainless steel appliances, walk-in closet, and generous kitchen space—perfect for long-term tenant appeal. With a strong rental history and reliable tenant in place, this is a turnkey investment, no management headaches, and solid roi. Secure a profitable asset in one of the most iconic markets in the u.s. – south beach!

Features

Bedrooms
Bedrooms: 1
Bathrooms
Bathrooms: 1
Half Bathrooms: No info
Exterior and Lot Features
Exterior Features: Fence
View: Other

Price History

04/08/2025

Date

Price Reduced

Event

$260K

Price

-0.76%

Change Rate

$448 ft2 / $4,825 m2

Price Per

03/07/2025

Date

Price Reduced

Event

$262K

Price

-1.13%

Change Rate

$452 ft2 / $4,862 m2

Price Per

08/19/2024

Date

Listed

Event

$265K

Price

$457 ft2 / $4,918 m2

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Ober Delgado QuirozUnited Realty Group Inc • Buyer Agency Compensation .

Instant Comparative Market Analysis

$200/ft²
$200/ft²
$400/ft²
$600/ft²

Unit #101 – Asking

$448/ft²

(+29%) from Closed Medium $/ft²

Closed Medium $/ft²

$349/ft²
Community $/Price Range (Closed) $312/ft² – $395/ft²
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