1231 Pennsylvania Ave # 9, Miami Beach FL 33139 | Miami-Dade County | A12022372
- $199,000
- Condominium
- 0
- 1
- 1
- 446 Sq Ft
- $199,000
Description
Rare opportunity in the heart of South Beach! Bright and spacious studio with den, assigned parking, in-unit washer & dryer, and a full kitchen — a major advantage compared to many South Beach studios with only kitchenettes. Functional layout with flexible den space ideal for a home office or guest area. Just blocks from Lincoln Road, Española Way, Flamingo Park, and only minutes from the beach. Enjoy being surrounded by top restaurants, cafés, shopping, nightlife, and everything that makes Miami Beach living unique. Excellent investor opportunity with tenant in place through January 2027 paying $1,800/month, providing immediate rental income and an estimated 5.83% ROI. Aprox.Property is tenant occupied; same-day showing requests may be subject to delays and confirmation
Same owner also offers Unit #8, a 1-bedroom + den residence featuring assigned parking and in-unit washer & dryer. Excellent opportunity for investors seeking multiple units in the same South Beach building.
Property Overview
Frequently Asked Questions
Is there parking included with this condo?
Does the unit have a full kitchen?
Are there any additional spaces besides the studio area?
What is the current rental income for this unit?
What is the estimated return on investment?
Monthly Fees & Carrying Costs
| Association Fee | $564 / month |
| Total Monthly Fees | $564 / month |
- Membership Required: No
- Application Fee: $150 (one-time)
Address
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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: 1231 PENN INC CONDO
Details
Updated on July 1, 2026 at 5:48 am-
Property ID A12022372
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Price $199,000
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Property Size 446 Sq Ft
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Bedroom 0
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Room 0
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Bathroom 1
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Garage 1
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Year Built 1965
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Marble
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Bedroom Features At Least 1 Bedroom Ground Level, Sitting Area - Primary Bedroom
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Cooling Ceiling Fan(s), Electric, Wall/Window Unit(s)
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Association Type Condo
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Building 1231 Penn Condo
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Association Fee Frequency Monthly
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Area 1231 Penn Inc Condo
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Annual Tax 3238
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Association Yes
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Elementary School Flamingo
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Private Pool No
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Listing Terms All Cash
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Neighborhood Flamingo Lummus
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Waterfront No
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Full Bathrooms 1
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Subdivision 1231 PENN INC CONDO
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Total Stories 2
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Restrictions Okay To Lease 1st Year
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Maintenance Includes Sewer, Trash Removal, Water
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Amenities Exterior Lighting
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Parking 1 Space
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Heating Other
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Construction Concrete Block Construction
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Building Area 446
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Covered Spaces 1
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Middle School Nautilus
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Unit Floor 2
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View Other View
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Year Built Details Effective Year Built
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High School Miami Beach
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Pets Allowed Yes
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Unit Number 9
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Half Bathrooms 0
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Flood Zone AE
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New Construction No
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Garage Spaces 1
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Style Condo 5+ Stories
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Association Fee 564
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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