1329 Pennsylvania Ave, Miami Beach FL 33139 | Miami-Dade County | A11888408
  • $3,200,000

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.

  • Address: Pennsylvania Ave
  • City: Miami Beach
  • Zip/Postal Code: 33139

Details

Updated on July 2, 2026 at 7:46 am
  • Property ID A11888408
  • Price $3,200,000
  • Year Built 1936
  • Property Status Active, Commercial Sale

Additional details

  • Annual Tax 31114
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional/Refinance
  • Waterfront No
  • Total Stories 2
  • Structure Type Free Standing
  • Tax Year 2024
  • Construction Stucco
  • Building Area 5760
  • Year Built Details Resale
  • Inclusions Building & Land
  • Flood Zone AE
  • New Construction No
  • Lot Size (Sq Ft) 7500

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Christopher Lazaro

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