FL > Miami Beach > Ocean Beach Addn No 3
Miami Beach, FL 33139,1124 Pennsylvania Ave
Miami Beach, FL 33139,1124 Pennsylvania Ave
Miami Beach, FL 33139,1124 Pennsylvania Ave
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$3,300,000
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8,140 SqFt
New

1124 Pennsylvania Ave Miami Beach, FL 33139

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Sharon Colón

Sharon Colón

+1(786) 376-2398

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 8,140 sqft

Price per Sqft $405

Subdivision Ocean Beach Addn No 3

MLS Listing ID A11873913

Style Fourplex

HOA Y/N Yes

Year Built 1948

Annual Tax Amount $33,824

Tax Year 2025

Property Sub-Type Quadruplex

Property Description

12 units Exclusive Investment Opportunity in Miami Beach Almost completely renovated 12-unit, 8,140 SF 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 & 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 – Fullycompliant 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 Electric

Cooling Electric

Flooring Parquet

Exterior

Pool None

Utilities Available Cable Available

Roof Type 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

Others

Tax ID 02-42-03-009-1040

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11873913

Miami Association of Realtors (SEFMIAMI MLS)
Listed by The Keyes Company

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Sharon Colón

Sharon Colón

Agent | License ID: 3309937

+1(786) 376-2398

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1124 Pennsylvania Ave