1124 Pennsylvania Ave new

Miami Beach,FL 33139

$ 3500000

- Bed

0 Bath

8140 SqFt


Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 8,140 sqft

Price per Sqft $429

Subdivision Ocean Beach Addn No 3

MLS Listing ID A11758768

Style Fourplex

Construction Status Resale

HOA Y/N Yes

Year Built 1948

Annual Tax Amount $33,824

Tax Year 2024

Property Sub-Type Quadruplex

Property Description

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

Location

State FL

County Miami-dade

Community Ocean Beach Addn No 3

Area 42

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Hardwood,Wood

Window Features Impact Glass

Exterior

Pool None

Utilities Available Cable Available

Roof Type Concrete,Flat

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Construction Status Resale

Others

Tax ID 02-42-03-009-1040

Acceptable Financing Cash,Conventional,Cryptocurrency,1031 Exchange

Listing Terms Cash,Conventional,Cryptocurrency,1031 Exchange

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