Ocean Beach Addn No 3
$3,300,000
1124 Pennsylvania Ave, Miami Beach, FL 33139
For Sale
Multifamily
Duplex / Triplex / Fourplex
Active
Last Updated: 09/08/2025
8,140 sqft
Building Size
1948
Year Built
Details:
Building Size: 8,140 sqft
Year Built: 1948
Floors: 2
Gross Leaseable Area: 8,140
Highlights:
- Lot Features: Less Than 1/4 Acre Lot
- Documents Available: Accounting Statements, Deposit - Last Months Rent, Deposit - Security, Financial Statement, Investment Analysis, Copy Of Lease(S), Rent Rolls
- Architectural Style: Attached, Old Spanish
- Cooling: Electric
- Heating: Electric
- Flooring: Parquet
- Construction Materials: CBS Construction
Description:
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
Location
Gallery
