1228 Pennsylvania Ave # 7, Miami Beach FL 33139 | Miami-Dade County | A11989126
- $330,000
- Condominium
- 2
- 1
- 1
- 700 Sq Ft
1228 Pennsylvania Ave # 7, Miami Beach FL 33139 | Miami-Dade County | A11989126
- $330,000
Description
Turnkey 2-bedroom, 1-bath condo in the heart of Miami Beach — ideal for savvy investors. Currently rented at $2,700/month through March 2027, offering immediate and stable cash flow from day one.
Features include a bright, open layout with modern finishes, full appliance package, one assigned parking space, and an open balcony/patio.
The building has passed its 40-year certification, with a new roof installed last year and exterior repainting currently in progress, enhancing both curb appeal and long-term value.
With 365 lease days allowed per year, this is a streamlined addition to any South Florida investment portfolio. Minutes from the beach, dining, shopping, and entertainment. Cash only.
Property Overview
This is a 2-bedroom, 1-bath condo at 1228 Pennsylvania Ave #7 in Miami Beach, built in 1961 and listed for $330,000. The unit covers 700 square feet and carries an HOA fee of $560 per month. It's a turnkey setup with a full appliance package, one assigned parking space, and an open balcony or patio. The building is the Penn Condo, and it has passed its 40-year certification. A new roof went on last year, and the exterior is being repainted right now. The condo is currently rented at $2,700 a month through March 2027, so a buyer would see cash flow from closing. It sits a few minutes from the beach, restaurants, shops, and nightlife in Miami Beach. Leases are allowed up to 365 days a year. This one is cash only, so financed offers won't work here.
Frequently Asked Questions
How many bedrooms and bathrooms does the PENN CONDO unit have?
The unit at 1228 Pennsylvania Ave #7 has 2 bedrooms and 1 full bath. There are no half baths.
What is the living area and year built for this Miami Beach condo?
Living area is 700 square feet. The building was built in 1961.
What is the list price and HOA fee?
Price is $330,000. HOA fee is $560.
Is the unit currently rented, and what are the lease terms?
It is rented at $2,700 per month through March 2027. The building allows 365 lease days per year.
What building updates have been completed or are in progress?
The building passed its 40-year certification. A new roof was installed last year and exterior repainting is currently in progress.
What does the buyer need to know about financing?
The listing states cash only. For any non-public details, call 305-859-4733.
Monthly Fees & Carrying Costs
| Association Fee | $560 / month |
| Total Monthly Fees | $560 / month |
- Membership Required: No
- Application Fee: $150 (one-time)
Have a question about this Miami Beach listing?
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Address
Open on Google Maps-
Address: Pennsylvania Ave
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City: Miami Beach
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State/county: Miami-Dade County
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Zip/Postal Code: 33139
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Area: PENN CONDO
Details
Updated on August 13, 2026 at 3:37 pm-
Property ID A11989126
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Price $330,000
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Property Size 700 Sq Ft
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Bedrooms 2
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Room 0
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Bathroom 1
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Garage 1
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Year Built 1961
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Vinyl
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Bedroom Features Primary Bedroom Ground Level
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Cooling Central Air, Electric
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Association Type Condo
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Building PENN CONDO
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Association Fee Frequency Monthly
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Area Penn Condo
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Annual Tax 3512
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Association Yes
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Private Pool No
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Listing Terms Cash
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Waterfront No
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Full Bathrooms 1
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Subdivision PENN CONDO
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Total Stories 2
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Restrictions Ok To Lease
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Maintenance Includes Sewer, Trash Removal, Water
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Amenities Laundry
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Parking Assigned
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Heating Central, Electric
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Structure Type Condo 1-4 Stories, Condo
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Tax Year 2025
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Construction CBS Construction
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Covered Spaces 1
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Middle School Nautilus
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Unit Floor 1
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View Other View
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Year Built Details Resale
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High School Miami Beach
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Pets Allowed No
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Attached Yes
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Unit Number 7
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Half Bathrooms 0
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Flood Zone AE
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Patio / Porch Open Balcony, Patio
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New Construction No
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Garage Spaces 1
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Style Condo 1-4 Stories
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Association Fee 560
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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