1329 Pennsylvania Ave
$3,200,000
1329 Pennsylvania Ave, Miami Beach, FL 33139
5,760 sqft
Building Size
8
Units
Details:
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.
Location
Gallery
