Basic Information

  • MLS # A11758768
  • Type Duplex / Quad Plex / Triplex
  • Status Active
  • Subdivision/Complex Ocean Beach Addn No 3
  • Year Built 1948
  • Total Sqft 8,140
  • Date Listed 03/07/2025
  • Days on Market 52
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

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Design Description Fourplex
  • Parking Description
  • Roof Description Concrete, Flat

Interior Features

  • Adjusted Sqft 8,140Sq.Ft
  • Cooling Description Wall Window Units
  • Floor Description Hardwood, Wood
  • Heating Description Wall Furnace
  • Sqft 8,140 Sq.Ft

Property Features

  • Address 1124 Pennsylvania Ave
  • Aprox. Lot Size 8,140
  • Architectural Style Fourplex
  • Association Fee Frequency Annually
  • City Miami Beach
  • Construction Materials Block
  • County Miami- Dade
  • Furnished Info No
  • Levels Two
  • Listing Terms Cash, Conventional, Cryptocurrency, Exchange1031
  • Lot Description Less Than Quarter Acre
  • Lot Features Less Than Quarter Acre
  • Occupant Type Call Agent
  • Pool Features None
  • Possession Negotiable
  • Postal City Miami Beach
  • Public Survey Section Two
  • Public Survey Township 2
  • Roof Concrete, Flat
  • Sewer Description Public Sewer
  • Short Sale Regular Sale
  • Stories 2
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Ocean Beach Addn No 3
  • Tax Amount $33,824
  • Tax Information O C E A N B E A C H A D D N N O3 P B2-81 L O T3 B L K42 L O T S I Z E50.000 X140 O R21070-141602031
  • Tax Year 2024
  • Terms Considered Cash, Conventional, Cryptocurrency, Exchange1031
  • Type of Property Quadruplex
  • Window Features Impact Glass

1124 Pennsylvania Ave

Miami Beach, FL 33139

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: The Keyes Company. tel: 305-531-5803

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