1329 PENNSYLVANIA AVE, Miami Beach
$3,200,000 USD
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| Address | 1329 PENNSYLVANIA AVE, Miami Beach |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Residential-Multi-Family |
| Property Style | Income Non-Waterfront |
| Price | $3,200,000 |
| Property Status | Active |
| MLS Number | A11888408 |
| Property Size | 7500 |
| Lot Size | 7500 |
| Year Built | 1936 |
| Folio Number | 02-42-03-009-0700 |
| Zoning Information | 3900 |
| Days on Market | 181 |
Detailed Description: 1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach’s signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed / 1-bath layouts. The building also has common laundry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ?— well below market. With renovations, rents can be repositioned to $2,300 – $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential.
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Address Information
| State | Florida |
| City | Miami Beach |
| County | Miami-Dade County |
| Zip Code | 33139 |
| Address | 1329 PENNSYLVANIA AVE |
| Section | 3 |
| Zip Code (4 Digits) | 4025 |
Financial Information
| Price | $3,200,000 |
| Price per Foot | $0 |
| Folio Number | 02-42-03-009-0700 |
| Tax Amount | $31,114 |
| Tax Year | 2024 |
| Possession Information | Funding |
Full Descriptions
| Detailed Description | 1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach’s signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed / 1-bath layouts. The building also has common laundry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ?— well below market. With renovations, rents can be repositioned to $2,300 – $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential. |
| Year Built Description | Resale |
| Roof Description | Built-Up |
Property parameters
| Living Area | 7500 |
| Lot Size | 7500 |
| Total Acreage | 0.000 |
| Zoning Information | 3900 |
| Maximum Leasable Size | 7500 |
| Year Built | 1936 |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Residential-Multi-Family |
| Style | Income Non-Waterfront |
| Construction Type | Stucco |
| Stories Number | 2 |
| Listed with | BHHS EWM Realty |