FL > Miami Beach > Ocean Beach Addn No 3
Miami Beach, FL 33139,1124 Pennsylvania Ave
Miami Beach, FL 33139,1124 Pennsylvania Ave
Miami Beach, FL 33139,1124 Pennsylvania Ave
Miami Beach, FL 33139,1124 Pennsylvania Ave
Miami Beach, FL 33139,1124 Pennsylvania Ave
Miami Beach, FL 33139,1124 Pennsylvania Ave
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Jimmy Morales

Jimmy Morales

+1(954) 237-4211
$ 3,300,000
Est. payment | /mo

8,140 SqFt

Save Virtual Tour
$ 3,300,000
Est. payment | /mo
Save Virtual Tour

8,140 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 8,140 sqft

Price per Sqft $405

Subdivision Ocean Beach Addn No 3

MLS Listing ID A11873913

Style Fourplex

HOA Y/N Yes

Year Built 1948

Annual Tax Amount $33,824

Tax Year 2025

Property Sub-Type Quadruplex

Property 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

State FL

County Miami-dade

Community Ocean Beach Addn No 3

Area 42

Interior

Heating Electric

Cooling Electric

Flooring Parquet

Exterior

Pool None

Utilities Available Cable Available

Roof Type Flat

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Others

Tax ID 02-42-03-009-1040

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11873913

Miami Association of Realtors (SEFMIAMI MLS)
Listed by The Keyes Company
Jimmy Morales

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(954) 237-4211

jimmy@thejamteam.com

333 SE 2nd Ave, Miami, FL, 33131, USA

Learn More About LPT Realty

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1124 Pennsylvania Ave