1124 Pennsylvania Ave, Miami Beach FL 33139,Miami Beach,Miami-Dade County,Residential Income
Residential Income
Active
1124 Pennsylvania Ave, Miami Beach FL 33139,Miami Beach,Miami-Dade County,Residential Income
1124 Pennsylvania Ave, Miami Beach FL 33139
Overview
- Quadruplex
- 8140
- 1948
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
Address
Open on Google Maps- Address Pennsylvania Ave
- City Miami Beach
- State/county Miami-Dade County
- Zip/Postal Code 33139
- Area OCEAN BEACH ADDN NO 3
Details
Updated on March 7, 2025 at 11:24 pm- Price: $3,500,000
- Property Size: 8140 Square Feet
- Year Built: 1948
- Property Type: Quadruplex
- Property Status: Residential Income
Additional details
- PublicSurveyRange: 42
- ShowingInstructions: 24 Hour Notice,Call Listing Agent,Showing Assist
- ListAgentKey: 9e02a0ddb9e8cc5697e079c5406e4767
- TaxLegalDescription: OCEAN BEACH ADDN NO 3 PB 2-81 LOT 3 BLK 42 LOT SIZE 50.000 X 140 OR 21070-1416 0203 1
- OnMarketDate: 2025-03-01
- ListAgentEmail: [email protected]
- ContractStatusChangeDate: 2025-03-01
- MajorChangeTimestamp: 2025-03-07T15:34:27.053Z
- Flooring: Wood
- PhotosCount: 48
- Cooling: Wall/Window Unit(s)
- StatusChangeTimestamp: 2025-03-07T15:34:27.053Z
- MIAMIRE_TypeofAssociation: None,Other
- BuildingName: OCEAN BEACH ADDN NO 3
- AssociationFeeFrequency: Annually
- MIAMIRE_AdjustedAreaSF: 7102
- PriceChangeTimestamp: 2025-03-07T15:34:27.053Z
- ListingKeyNumeric: 408210460
- MajorChangeType: New
- ListingContractDate: 2025-03-01
- Zoning: 3900
- ListAOR: A-Miami Association of REALTORS
- MLSAreaMajor: Ocean Beach Addn No 3
- TaxAnnualAmount: 33824
- ListOfficeName: The Keyes Company
- MIAMIRE_RATIO_CurrentPrice_By_SQFT: 429.98
- OriginatingSystemKey: miamire
- PhotosChangeTimestamp: 2025-03-07T15:40:47.093Z
- OriginatingSystemName: Miami Association of REALTORS®
- ListOfficePhone: 305-8987224
- MlsStatus: Active
- StreetNumber: 1124
- ListingKey: 303b484f22f370d5c0ee5fb22fa44dc7
- StateOrProvince: FL
- ShowingContactType: Agent
- ListOfficeKey: fcba5909795c68534fd532930aad012a
- BridgeModificationTimestamp: 2025-03-07T21:04:53.228Z
- ListAgentFullName: Fabrizio Passatore
- Roof: Concrete,Flat Roof With Facade Front
- PropertyCondition: Substantially Remodeled
- ParkingTotal: 0
- ListAgentOfficePhone: 305-8987224
- Stories: 2
- ParcelNumber: 02-42-03-009-1040
- ListingTerms: All Cash,Conventional,Cryptocurrency,Exchange
- YearBuiltDetails: Resale
- OtherExpense: 0
- Possession: Negotiable
- IDXParticipationYN: 1
- InternetAddressDisplayYN: 1
- ListAgentMlsId: 3380549
- StoriesTotal: 2
- ModificationTimestamp: 2025-03-07T21:00:05.250Z
- OriginatingSystemID: miamire
- DaysOnMarket: 6
- ListOfficeMlsId: KEYE06
- ListAgentDirectPhone: 305-898-7224
- StreetNumberNumeric: 1124
- PostalCodePlus4: 4562
- NumberOfUnitsInCommunity: 1
- Sewer: Public Sewer
- SyndicationRemarks: 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
- Heating: Window/Wall
- MIAMIRE_LPAmtSqFt: 429.9754
- StructureType: Quadruplex,Fourplex
- ListAgentStateLicense: 3380549
- PublicSurveyTownship: 42
- StreetName: Pennsylvania Ave
- ListOfficeFax: 305-538-7018
- ListingAgreement: Exclusive Agency
- PublicSurveySection: 3
- WindowFeatures: Clear Impact Glass
- OriginalListPrice: 3500000
- BuildingAreaUnits: Square Feet
- RentIncludes: Hot Water,Pest Control,Sewer,Trash Collection,Water
- InternetEntireListingDisplayYN: 1
- InternetAutomatedValuationDisplayYN: 1
- TaxYear: 2024
- OriginalEntryTimestamp: 2025-03-07T15:34:27.053Z
- SourceSystemKey: 408210460
- LotFeatures: Less Than 1/4 Acre Lot
- DocumentsAvailable: Deposit - Last Months Rent,Deposit - Security,Financial Statement,Copy Of Lease(S),Rent Rolls,Service Contracts
- ConstructionMaterials: CBS Construction
- MIAMIRE_Style: Fourplex
- AssociationFee: 0
- LotSizeSquareFeet: 0
- ArchitecturalStyle: Attached
- InternetConsumerCommentYN: 1
- BuildingAreaTotal: 8140
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