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MLS ID: A11873913
List Price: $ 3 300 000
Sold Price: $ 2 900 000 (-12%)
Status: Closed
List date: 09/07/2025
Closing Dt: 10/31/2025
Days on Market: 54
Sell $ 408 per SqFt
1124 Pennsylvania Ave, Miami Beach
#MLS: A11873913
$ 3 300 000
Listing date09/07/2025
CityMiami Beach, FL 33139
Address1124 Pennsylvania Ave
Area7102 sqft
Tax/year$ 33 824
Built year1948

12 units Exclusive Investment Opportunity in Miami Beach Almost completely renovated 12-unit, 8,140 SF low-rise buildingseamlessly blends historic charm with modern appeal, offering investors a prime multifamily asset in a prestigiouslocation. Property Highlights: ? Turnkey Investment - Fully renovated with new roof (August 2024) ? Strong RentalHistory - 95% occupancy rate, ensuring stable cash flow ? Unit Mix & Sizes: 8 Studios (Avg. 500 SF) - Rented at1,650/month - 4 One-Bedroom Units (Avg. 700 SF) - Rented at 2,100/month ? Recertification Passed - Fullycompliant and up to code ? Projected Cap Rate: 6.76% upon rental completion ART DECO DISTRICT

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