$3,300,000

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1124 Pennsylvania Ave Miami Beach, FL, United States 33139

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

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Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Income
  • Architectural Style: Fourplex
  • Home size: 8,140 ft2 / 756.22 m2
  • MLS: A11873913
  • Status: Active

Property brokered by

The Keyes Company

(954) 893-1367

Get more listing details on brokerage site

Presented by Fabrizio Passatore

Contact Fabrizio Passatore

Contact Agent

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