Exclusive Investment Opportunity in Miami Beach Almost completely renovated 12-unit, 8,140 SF low-rise building seamlessly blends historic charm with modern appeal, offering investors a prime multifamily asset in a prestigious location. Property Highlights: ? Turnkey Investment – Fully renovated with new roof (August 2024) ? Strong Rental History – 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 – Fully compliant and up to code ? Projected Cap Rate: 6.76% upon rental completion ART DECO` DISTRICT
Accepting backups
$3,500,000
1124 Pennsylvania Ave, Miami Beach, FL 33139
12beds
12baths
8,140sqft
Est.:
Quadruplex
Built in 1948
-- sqft lot
$3,170,900 Zestimate®
$430/sqft
$-- HOA
What's special
- 175 days
- on Zillow |
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