1124 Pennsylvania Ave Miami Beach, FL 33139
8,140 SqFt
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
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