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1124 Pennsylvania Ave Miami Beach, FL, United States 33139

Exclusive Investment Opportunity in Miami BeachAlmost 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 completionART DECO` DISTRICT

Amenities

  • Bedrooms: 12
  • Full Bathrooms: 12
  • Partial Bathrooms: 0
  • Property Type: Income
  • Architectural Style: Fourplex
  • Home size: 8,140 ft2 / 756.22 m2
  • MLS: A11758768
  • Status: Active

Property brokered by

The Keyes Company

(954) 893-1367

Presented by Fabrizio Passatore

Contact Fabrizio Passatore

Contact Agent

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