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1124 Pennsylvania Ave Miami Beach FL 33139 MLS #A11758768

1124 Pennsylvania Ave
Miami Beach, FL, 33139
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$3,500,000
1124 Pennsylvania Ave
Miami Beach, FL, 33139
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$3,500,000
1124 Pennsylvania Ave Miami Beach, FL, 33139
Beds
0 Baths
8,140 SqFt
0 Acres
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
Property Details
Price:
$3,500,000
MLS #:
A11758768
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
OCEAN BEACH ADDN NO 3
Neighborhood:
Ocean Beach Addn No 3
Listed Date:
Mar 1, 2025
Finished Sq Ft:
8,140
Total Sq Ft:
8,140
Year Built:
1948
Ocean Beach Addn No 3Ocean Beach Addn No 3Ocean Beach Addn No 3
Schools
Interior
Cooling
Wall/ Window Unit(s)
Flooring
Wood
Heating
Window/ Wall
Exterior
Architectural Style
Attached
Construction Materials
C B S Construction
Roof
Concrete, Flat Roof With Facade Front
Financial
HOA Frequency
Annually
Tax Year
2024
Taxes
$33,824
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Community
Current real estate data for Multi Family in Miami Beach as of Aug 10, 2025
44
Multi Family Listed
185
Avg DOM
651
Avg $ / SqFt
$3,035,611
Avg List Price
Agent
Albert Wilk

Albert Wilk

Realtor®

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Property Summary

    Located in the OCEAN BEACH ADDN NO 3 subdivision, 1124 Pennsylvania Ave Miami Beach FL is a Multi Family for sale in Miami Beach, FL, 33139. It is listed for $3,500,000
disclosure
Courtesy of The Keyes Company. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than Wilk Real Estate LLC include the name of the listing broker. Neither the listing company nor Wilk Real Estate LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Miami, FL. All rights reserved.
Rover IDX
1124 Pennsylvania Ave
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