Penn Eleven, 1060 Pennsylvania Ave 4, Miami Beach, FL, Florida 33139

Investor Opportunity — Steps From The Beach! vacant And Unfurnished Updated Studio In The Heart Of South Beach, Offering An Excellent Cash-flow Investment With An Estimated ~10% Cap Rate Under Current Long-term Rental Guidelines. Located In A Well-maintained Building That Has Passed Its 40-year Recertification. offered At $159,000 With Hoa Of $481/month (paid Annually). Approximately $700,000 In Capital Improvements Completed Over The Last Five Years, Including Electrical, Structural, And Roof Upgrades — All Fully Assessed. Hoa Includes All Standard Insurance, Including Wind. Building Is Quiet, Secure, And Professionally Managed. the Unit Features Two Separate Entrances, Including A Private Street Entrance, Increasing Tenant Appeal. Short-term Rentals And Airbnb Are Not Permitted; However, The Building Allows Long-term Rentals With A Minimum Of Two Leases Per Year, Providing Stable And Predictable Income. with The Unit Vacant And Rent-ready, This Is An Ideal Opportunity For Investors Seeking Immediate Placement, Strong Returns, And Low Future Capital Risk In One Of Miami Beach’s Most Desirable Locations. cash Only Purchase.