1124 Pennsylvania Ave, Miami Beach FL 33139

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1124 Pennsylvania Ave, Miami Beach FL 33139

1124 Pennsylvania Ave, Miami Beach, FL 33139

3500000

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Type

Residential Income, Quadruplex

Rooms

Baths

Size

8140 sqft

Price / sqft

Built in

1948

Price / sqft

Lot size (acres)

Neighbourhood

Miami

Miami Beach

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days listed online

Listing updated:

March 8, 2025 4:16 AM

Listed by:

Fabrizio Passatore

Source:

A-Miami Association of REALTORS

What's special

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

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms:
0
Bathrooms:
0
Full bathrooms:
1/2 bathrooms:

Heating

Window/Wall

Cooling

Wall/Window Unit(s)

Appliances

Included:
Laundry:

Features

Built-in Features:
Flooring: Wood
Windows: Clear Impact Glass

Interior area

Total interior livable area:
8140
sqft

Video & virtual tour

View virtual tour

Property

Parking

Parking features:
Garage spaces:

Features

Stories:
2
Entry location:
Exterior features:
Has private pool:
Yes
Pool features:
Has view:
Yes
View description:
Has water view:
Yes
Water view:

Lot

Size:
Acres

Details

Parcel number: 02-42-03-009-1040
Zoning:
3900

Construction

Materials

Roof: Concrete, Flat Roof With Facade Front

Condition

New construction:
No
Yes
Year built:
1948

Utilities & green energy

Sewer:
Public Sewer
Water:

Community

Features:

Financial & listing details

Price per square foot:
0
Annual tax amount:
$33824
Date on market:
March 1, 2025
Listing terms: All Cash, Conventional, Cryptocurrency, Exchange

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Interest Rate

An interest rate on a mortgage loan is the cost you will pay each year to borrow the money, expressed as a percentage rate. It does not reflect fees or any other charges you may have to pay for the loan. For example, if the mortgage loan is for $100,000 at an interest rate of 4 percent, that consumer has agreed to pay $4,000 each year he or she borrows or owes that full amount.

Total monthly payment

Calculations are provisional. For a final offer, seek personal advice.

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