1329 Pennsylvania Ave, Miami Beach FL 33139 | Miami-Dade County | A11888408
- $3,200,000
- $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
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Address: Pennsylvania Ave
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City: Miami Beach
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Zip/Postal Code: 33139
Details
Updated on July 2, 2026 at 7:46 am-
Property ID A11888408
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Price $3,200,000
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Year Built 1936
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Property Status Active, Commercial Sale
Additional details
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Annual Tax 31114
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Association No
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Private Pool No
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Listing Terms All Cash, Conventional/Refinance
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Waterfront No
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Total Stories 2
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Structure Type Free Standing
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Tax Year 2024
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Construction Stucco
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Building Area 5760
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Year Built Details Resale
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Inclusions Building & Land
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Flood Zone AE
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New Construction No
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Lot Size (Sq Ft) 7500
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