901 Pennsylvania | A 10-Unit Multifamily/Office Opportunity

901 Pennsylvania Avenue, Miami Beach, FL

$4,179,000

Price

4.71%

Cap Rate

$196,858

NOI

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Street
Map
Overview
Cap Rate
4.71%
NOI
$196,858
Building Size
6,498 sqft
Lot Area
0.1722 acres
Occupancy
90%
Class
B
Units
10
Year Built
1948
Floors
2
Description

A Miami Beach gem with flex-use. This 10-Unit, two-story freestanding building consists of six (6) upstairs residential apartments and four (4) downstairs commercial units. Located on a hard corner lot of 7,500 SqFt in the heart of South Beach at Pennsylvania Ave and 9th Street with clear visibility from Washington Ave. This unique stabilized income-generating asset offers opportunities for retail growth, owner-user occupancy, and redevelopment.

Adjacent to the Washington Ave & 9th St public parking lot, retail users have ample parking for clientele while the Pennsylvania Ave frontage has a beautiful courtyard
and upstairs residential entry.

Highlights
  • Flex Residential and Office Units
  • Owner-User Opportunity
  • Low Vacancy Building
  • Stabilized Income
  • Hard Corner Lot
  • Core Asset
Documents
Location
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