1124 Pennsylvania Ave, Miami Beach, FL 33139
- $2,900,000
- 8,140
- SqFt
- Sold Price
- $2,900,000
- List Price
- $3,300,000
- Status
- CLOSED
- Days on Market
- 25
- Closing Date
- Oct 31, 2025
- MLS#
- A11873913
- Subtype
- Residential Income
- Style
- Quadruplex, Fourplex
- Year Built
- 1948
- Living Area
- 8,140
- Subdivision
- Ocean Beach Addn No 3
- Building Name
- Ocean Beach Addn No 3
Property Description
12 units Exclusive Investment Opportunity in Miami Beach Almost completely renovated 12-unit, 8,140 SF low-rise buildingseamlessly blends historic charm with modern appeal, offering investors a prime multifamily asset in a prestigiouslocation. Property Highlights: ? Turnkey Investment – Fully renovated with new roof (August 2024) ? Strong RentalHistory – 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 – Fullycompliant and up to code ? Projected Cap Rate: 6.76% upon rental completion ART DECO` DISTRICT
/u.realgeeks.media/nizzrealty/NR_black.jpg)
Additional Information
- Taxes
- $33,824
- HOA Freqency
- Annually
- Community Features
- Ocean Beach Addn No 3
- Property Description
- Quadruplex, Fourplex
- Zoning
- 3900
- Flooring
- Parquet
- Heating
- Electric
- Air Conditioning
- Electric
- Exterior Construction
- CBS Construction
- Stories
- 2
- Roof
- Flat Roof With Facade Front
Listing Courtesy of The Keyes Company, Contact: 305-898-7224
Selling Office: The Keyes Company.