48
43 More
  • Type
  • Quadruplex
  • 8140 Square Feet
  • Area Size
Residential Income Active

1124 Pennsylvania Ave, Miami Beach FL 33139 | Miami-Dade County | A11758768

  • $3,500,000

Description

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

Address

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  • Address: Pennsylvania Ave
  • City: Miami Beach
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33139
  • Area: OCEAN BEACH ADDN NO 3

Details

Updated on August 3, 2025 at 8:04 am
  • Property ID A11758768
  • Price $3,500,000
  • Property Size 8140 Square Feet
  • Year Built 1948
  • Type Quadruplex
  • Property Status Residential Income

Additional details

  • ArchitecturalStyle Attached
  • AssociationFee 0
  • AssociationFeeFrequency Annually
  • BuildingAreaTotal 8140
  • BuildingAreaUnits Square Feet
  • BuildingName OCEAN BEACH ADDN NO 3
  • ConstructionMaterials CBS Construction
  • ContractStatusChangeDate 2025-03-01
  • Cooling Wall/Window Unit(s)
  • DaysOnMarket 6
  • DocumentsAvailable Deposit - Last Months Rent,Deposit - Security,Financial Statement,Copy Of Lease(S),Rent Rolls,Service Contracts
  • Flooring Wood
  • Heating Window/Wall
  • InternetAddressDisplayYN 1
  • InternetAutomatedValuationDisplayYN 1
  • InternetConsumerCommentYN 1
  • InternetEntireListingDisplayYN 1
  • ListAOR A-Miami Association of REALTORS
  • ListAgentDirectPhone 305-898-7224
  • ListAgentEmail fabriziopassatore@gmail.com
  • ListAgentFullName Fabrizio Passatore
  • ListAgentKey 9e02a0ddb9e8cc5697e079c5406e4767
  • ListAgentMlsId 3380549
  • ListAgentOfficePhone 305-8987224
  • ListAgentStateLicense 3380549
  • ListOfficeFax 305-538-7018
  • ListOfficeKey fcba5909795c68534fd532930aad012a
  • ListOfficeMlsId KEYE06
  • ListOfficeName The Keyes Company
  • ListOfficePhone 305-8987224
  • ListingAgreement Exclusive Agency
  • ListingContractDate 2025-03-01
  • ListingKey 303b484f22f370d5c0ee5fb22fa44dc7
  • ListingTerms All Cash,Conventional,Cryptocurrency,Exchange
  • LotFeatures Less Than 1/4 Acre Lot
  • LotSizeSquareFeet 0
  • MLSAreaMajor Ocean Beach Addn No 3
  • MajorChangeTimestamp March 7, 2025 at 03:34pm
  • MajorChangeType New
  • MlsStatus Active
  • ModificationTimestamp March 7, 2025 at 09:00pm
  • NumberOfUnitsInCommunity 1
  • OnMarketDate 2025-03-01
  • OriginalEntryTimestamp March 7, 2025 at 03:34pm
  • OriginalListPrice 3500000
  • OriginatingSystemID miamire
  • OriginatingSystemKey miamire
  • OriginatingSystemName Miami Association of REALTORS®
  • OtherExpense 0
  • ParcelNumber 02-42-03-009-1040
  • ParkingTotal 0
  • PhotosChangeTimestamp March 7, 2025 at 03:40pm
  • PhotosCount 48
  • Possession Negotiable
  • PostalCodePlus4 4562
  • PriceChangeTimestamp March 7, 2025 at 03:34pm
  • PropertyCondition Substantially Remodeled
  • PublicSurveyRange 42
  • PublicSurveySection 3
  • PublicSurveyTownship 42
  • RentIncludes Hot Water,Pest Control,Sewer,Trash Collection,Water
  • Roof Concrete,Flat Roof With Facade Front
  • Sewer Public Sewer
  • ShowingContactType Agent
  • ShowingInstructions 24 Hour Notice,Call Listing Agent,Showing Assist
  • SourceSystemKey 408210460
  • StateOrProvince FL
  • StatusChangeTimestamp March 7, 2025 at 03:34pm
  • Stories 2
  • StoriesTotal 2
  • StreetName Pennsylvania Ave
  • StreetNumber 1124
  • StreetNumberNumeric 1124
  • StructureType Quadruplex,Fourplex
  • SyndicationRemarks 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
  • TaxAnnualAmount 33824
  • TaxLegalDescription OCEAN BEACH ADDN NO 3 PB 2-81 LOT 3 BLK 42 LOT SIZE 50.000 X 140 OR 21070-1416 0203 1
  • TaxYear 2024
  • WindowFeatures Clear Impact Glass
  • YearBuiltDetails Resale
  • Zoning 3900

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All Real Estate Transactions are BROKERED by Real Broker LLC.

All Residential Mortgage Transactions are BROKERED by U.S. FINANCE GROUP, LLC (NMLS ID: CQ1049632)

All Health Insurance, Life Insurance, and Variable Annuities Contracts are Brokered by Informed Choice Insurance LLC (Lic# L109849)

All other services & lending products are brokered by Metro International Investments unless otherwise disclosed.

Miami Beach Brokers® & the Miami Beach Brokers® logo are registered trademarks of Metro International Investments. All rights are reserved.

Address

100 Kings Point Drive, STE 1103, Sunny Isles Beach, FL 33160

E-mail

Contacts@MiamiBeachBrokers.com

Phone

+1 (305) 859-4733

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Miami Beach Brokers®

Where the BEACH is YOUR Backyard!

All property listings are subject to prior sale, price change, or withdrawal without notice.
Neither the listing broker(s), agent(s), nor data providers shall be held liable for any typographical errors, misstatements, or inaccuracies. Users of this website agree to hold all parties harmless from any claims arising from the use or interpretation of the information provided.
Listing data is provided for personal, non-commercial consumer use only and may not be used for any other purpose, including but not limited to marketing, solicitation, or data mining. Use of this website constitutes agreement to these terms.

All information deemed reliable but not guaranteed; use subject to terms—Miami Beach Brokers® and affiliates assume no liability.

All Real Estate Transactions are BROKERED by Real Broker LLC.

All Residential Mortgage Transactions are BROKERED by U.S. FINANCE GROUP, LLC (NMLS ID: CQ1049632)

All Health Insurance, Life Insurance, and Variable Annuities Contracts are Brokered by Informed Choice Insurance LLC (Lic# L109849)

All other services & lending products are brokered by Metro International Investments unless otherwise disclosed.

Miami Beach Brokers® & the Miami Beach Brokers® logo are registered trademarks of Metro International Investments. All rights are reserved.

Address

100 Kings Point Drive, STE 1103, Sunny Isles Beach, FL 33160

E-mail

Contacts@MiamiBeachBrokers.com

Phone

+1 (305) 859-4733

Social Links

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Quick Links

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Miami Beach Brokers®

Where the BEACH is YOUR Backyard!

All property listings are subject to prior sale, price change, or withdrawal without notice.
Neither the listing broker(s), agent(s), nor data providers shall be held liable for any typographical errors, misstatements, or inaccuracies. Users of this website agree to hold all parties harmless from any claims arising from the use or interpretation of the information provided.
Listing data is provided for personal, non-commercial consumer use only and may not be used for any other purpose, including but not limited to marketing, solicitation, or data mining. Use of this website constitutes agreement to these terms.

All information deemed reliable but not guaranteed; use subject to terms—Miami Beach Brokers® and affiliates assume no liability.

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