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1329 Pennsylvania Ave

$3,200,000

1329 Pennsylvania Ave, Miami Beach, FL 33139

Active
Last Updated: 10/06/2025

5,760 sqft

Building Size

8

Units

Details:
Building Size:    5,760 sqft
Units:    8
Year Built:    1936
Floors:    2
Highlights:
  • Building Features: Exterior Lighting, Laundry Facilities
  • Number Of Buildings: 1
  • Construction Materials: Stucco
Description:

1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach's signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed/1-bath layouts. The building also has common laundry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ?— well below market. With renovations, rents can be repositioned to $2,300 - $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential.

Map:
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