$159,000
1060 Pennsylvania Ave # 4
Miami Beach, FL, 33139
INVESTORS!!! Make almost 13% annual ROI with this cash cow rented at $1,700 / month. Prime South Beach location – updated and fully furnished studio. Building has passed 40-year recertification and owns the land outright. ~$700K in capital improvements completed in the last 5 years (electrical, structural, roof). No special assessments. Low HOA paid yearly. Well-managed, extremely quiet, and safe building. Unit features two entrances, including a private street entrance. Tenant-occupied through December 2025 – steady rental income. Cash-only purchase. NO short term rentals. Rent minimum twice per year. Contact listing agent @oberdel (Ober Delgado) for a showing
Property Details
Price:
$159,000
MLS #:
A11839216
Status:
Active
Beds:
0
Baths:
1
Type:
Condo
Subtype:
Condominium
Subdivision:
PENN ELEVEN CO-OP
Neighborhood:
pennelevencoop
Listed Date:
Jul 12, 2025
Finished Sq Ft:
380
Total Sq Ft:
380
Year Built:
1962
Schools
Interior
Appliances
Gas Range
Bathrooms
1 Full Bathroom
Cooling
Wall/Window Unit(s)
Heating
Window/Wall
Laundry Features
Common Area
Exterior
Architectural Style
Garden Apartment
Association Amenities
None
Construction Materials
CBS Construction
Exterior Features
Courtyard
Parking Features
On Street
Security Features
Other
Financial
HOA Fee
$5,783
HOA Frequency
Annually
Tax Year
2024
Taxes
$1,114
Mortgage Calculator
Map
Current real estate data for Condo in Miami Beach as of Oct 31, 2025
2,143
Condo Listed
179
Avg DOM
1,015
Avg $ / SqFt
$1,661,601
Avg List Price
Community
- Address1060 Pennsylvania Ave # 4 Miami Beach FL
- SubdivisionPENN ELEVEN CO-OP
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33139
Similar Listings Nearby
Property Summary
- Located in the PENN ELEVEN CO-OP subdivision, 1060 Pennsylvania Ave # 4 Miami Beach FL is a Condo for sale in Miami Beach, FL, 33139.  It is listed for $159,000 and features 0 beds, 1 baths, and has approximately 380 square feet of living space, and was originally constructed in 1962. The current price per square foot is $418.  The average price per square foot for Condo listings in Miami Beach is $1,015.  The average listing price for Condo in Miami Beach is $1,661,601.  

1060 Pennsylvania Ave # 4
Miami Beach, FL
 
				










