1124 Pennsylvania Ave, Miami Beach, FL 33139

$2,900,000
8,140
SqFt
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Sold Price
$2,900,000
List Price
$3,300,000
Closing Date
Oct 31, 2025
MLS
A11873913
Complex Name
Ocean Beach Addn No 3
Status
CLOSED
Type
Multifamily
Living Area
8,140
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+17869493971

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

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Additional Information

Days on Market
25
Style
Quadruplex, Fourplex
Year Built
1948
Development Name
Ocean Beach Addn No 3
#Stories
2
Construction Type
CBS Construction
Section
3
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Listing Courtesy of The Keyes Company, Contact: 305-898-7224

Selling Office: The Keyes Company.