$3,300,000
1124 Pennsylvania Ave
Miami Beach, FL, 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
Property Details
Price:
$3,300,000
MLS #:
A11873913
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
OCEAN BEACH ADDN NO 3
Neighborhood:
oceanbeachaddnno3
Listed Date:
Sep 7, 2025
Finished Sq Ft:
8,140
Total Sq Ft:
8,140
Year Built:
1948
Schools
Interior
Cooling
Electric
Flooring
Parquet
Heating
Electric
Exterior
Architectural Style
Attached, Old Spanish
Construction Materials
CBS Construction
Roof
Flat Roof With Facade Front
Financial
HOA Frequency
Annually
Tax Year
2025
Taxes
$33,824
Mortgage Calculator
Map
Current real estate data for Multi Family in Miami Beach as of Oct 22, 2025
46
Multi Family Listed
165
Avg DOM
583
Avg $ / SqFt
$2,869,148
Avg List Price
Community
- Address1124 Pennsylvania Ave Miami Beach FL
- SubdivisionOCEAN BEACH ADDN NO 3
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33139
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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 $3,300,000

1124 Pennsylvania Ave
Miami Beach, FL