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
48
See all 48 photos
$3,500,000
Est. payment /mo
Save Virtual Tour
8,140 SqFt
Active

1124 Pennsylvania Ave Miami Beach, FL 33139

Save Virtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
18
Apr
Sat
19
Apr
Sun
20
Apr
Anthony Guerriero

Anthony Guerriero

+1(646) 376-8752

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 $429

Subdivision Ocean Beach Addn No 3

MLS Listing ID A11758768

Style Fourplex

Construction Status Resale

HOA Y/N Yes

Year Built 1948

Annual Tax Amount $33,824

Tax Year 2024

Property Sub-Type Quadruplex

Property Description

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

Location

State FL

County Miami-dade

Community Ocean Beach Addn No 3

Area 42

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Hardwood, Wood

Window Features Impact Glass

Exterior

Pool None

Utilities Available Cable Available

Roof Type Concrete,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

Construction Status Resale

Others

Tax ID 02-42-03-009-1040

Acceptable Financing Cash, Conventional, Cryptocurrency, 1031 Exchange

Listing Terms Cash, Conventional, Cryptocurrency, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11758768

Listed by The Keyes Company

GET MORE INFORMATION

agent

Anthony Guerriero

Broker

+1(646) 376-8752

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Manhattan Miami Real Estate, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

1124 Pennsylvania Ave

Why Invest in Miami

Miami Real Estate is among the most valuable in the world. Miami, Florida has been growing in terms of importance for the last two decades.

Moving to Miami

Are you thinking of moving to Miami? You are not alone. Miami has seen significant migration from high tax states, Central and South America and even Europe over the last decade.  Here a small guide to help you decide before making  the move.

Buying Pre-Construction

Buying a pre-construction condo in Miami is an exciting proposition that needs to be planned and approached diligently. Learn some of the major things you need to know when buying a pre-construction.

Foreign Buyers

For foreign investors, the US real estate market might be something of a mystery. But in our experience helping buyers find the right home or investment property in the US, we’ve found that the US real estate market can be transparent and friendly for foreigners

Manhattan Miami Real Estate

Learn about our services in two of the most important real estate markets in the country.

Case Studies

No matter the walk of life, we will guide you through the buying process of finding the right home for you. Hear about our client's stories and see where you fit in.

QUICK SEARCH
There are 24 quick searches