Ocean Beach, 1124 Pennsylvania Ave, Miami Beach, FL 33139

$3,500,000Price
8,140SqFt

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Details

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Status:
Active
Size: 8,140 SqFt (756 m2)
Price: $430/SqFt ($4,628/m2)
Type: Multi Family
Built: 1948
HOA: N/A
MLS Number: A11758768
On Site: 146 Days
Updated: 145 Days ago
Page Views: 0
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
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: WallFurnace
        • Cooling Description: WallWindowUnits
        Building and Construction
        • Floor Description: Hardwood,Wood
        • Windows/Treatment: ImpactGlass
        • Year Built: 1948
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2025-03-07T10:34:27.000-00:00
          Taxes, Fees & More
          • Taxes: 33824

          Price History

          03/07/2025

          Date

          Listed

          Event

          $3.5M

          Price

          $430 ft2 / $4,628 m2

          Price Per

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

          Listed by Fabrizio Passatore • The Keyes Company • Buyer Agency Compensation .

          Instant Comps

          $200/ft²
          $200/ft²
          $400/ft²
          $600/ft²

          Unit 1124 Pennsylvania Ave – Asking

          $430/ft²

          (+24%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $346/ft²
          Community $/Price Range (Closed) $314/ft² – $377/ft²
          No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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