1124 PENNSYLVANIA AVE, Miami Beach
$3,300,000 USD
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| Address | 1124 PENNSYLVANIA AVE, Miami Beach |
| Building Name | OCEAN BEACH ADDN NO 3 |
| Type of Property | Quadruplex |
| Property Style | Quadruplex |
| Price | $3,300,000 |
| Property Status | Active |
| MLS Number | A11873913 |
| Living Area | 8140 |
| Year Built | 1948 |
| Folio Number | 02-42-03-009-1040 |
| Zoning Information | 3900 |
| Days on Market | 17 |
Detailed Description: 12 units Exclusive Investment Opportunity in Miami Beach Almost completely renovated 12-unit, 8,140 sq.ft 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 and Sizes: 8 Studios (Avg. 500 sq.ft) – Rented at $1,650 / month – 4 One-Bedroom Units (Avg. 700 sq.ft) – Rented at $2,100 / month ? Recertification Passed – Fullycompliant and up to code ? Projected Cap Rate: 6.76% upon rental completion ART DECO` DISTRICT
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Address Information
| State | Florida |
| City | Miami Beach |
| County | Miami-Dade County |
| Zip Code | 33139 |
| Address | 1124 PENNSYLVANIA AVE |
| Section | 3 |
| Zip Code (4 Digits) | 4562 |
Financial Information
| Price | $3,300,000 |
| Price per Foot | $0 |
| Folio Number | 02-42-03-009-1040 |
| Association Fee Paid | Annually |
| Tax Amount | $33,824 |
| Tax Year | 2025 |
| Possession Information | Negotiable |
Full Descriptions
| Detailed Description | 12 units Exclusive Investment Opportunity in Miami Beach Almost completely renovated 12-unit, 8,140 sq.ft 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 and Sizes: 8 Studios (Avg. 500 sq.ft) – Rented at $1,650 / month – 4 One-Bedroom Units (Avg. 700 sq.ft) – Rented at $2,100 / month ? Recertification Passed – Fullycompliant and up to code ? Projected Cap Rate: 6.76% upon rental completion ART DECO` DISTRICT |
| Roof Description | Flat Roof With Facade Front |
| Floor Description | Parquet |
| Cooling Description | Electric |
| Heating Description | Electric |
| Sewer Description | Public Sewer |
Property parameters
| Living Area | 8140 |
| Zoning Information | 3900 |
| Year Built | 1948 |
| Type of Property | Quadruplex |
| Style | Quadruplex |
| Building Name | OCEAN BEACH ADDN NO 3 |
| Development Name | OCEAN BEACH ADDN NO 3 |
| Construction Type | CBS Construction |
| Stories Number | 2.000 |
| Listed with | The Keyes Company |