Ocean Beach, 1124 Pennsylvania Ave Miami Beach, FL 33139

$3,500,000Price
8,140SqFt

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Details

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Size: 8,140 ft2 / 756 m2
Price: $430 ft2 / $4,628 m2
Built: 1948
HOA: N/A
MLS Number: A11758768
On Site: 26 Days
Updated: 26 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

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 PassatoreThe Keyes Company • Buyer Agency Compensation .

Instant Comparative Market Analysis

$200/ft²
$400/ft²
$800/ft²
$1,200/ft²

Unit 1124 Pennsylvania Ave – Asking

$430/ft²

(-35%) from Closed Medium $/ft²

Closed Medium $/ft²

$666/ft²
Community $/Price Range (Closed) $314/ft² – $1050/ft²
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