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Gelfand Realty Miami Properties for Sale - Multi Family for Sale

1124 PENNSYLVANIA AVE, MIAMI BEACH, FL 33139

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Multi Family - OCEAN BEACH ADDN NO 3 for Sale

1124 PENNSYLVANIA AVE, MIAMI BEACH, FL 33139

Asking Price$3,300,000

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  • Days on market:

    75 day(s)

  • Adjusted Area:

    7102 sqft

  • Original Price:

    $3,300,000

  • Price per sqft:

    $405.41

  • Tax Legal Description:

    OCEAN BEACH ADDN NO 3 PB 2-81 LOT 3 BLK 42 LOT SIZE 50.000 X 140 OR 21070-1416 0203 1

  • Tax Year:

    2025

  • Property Type:

    Multi Family

  • Style:

    Fourplex

  • Construction Type:

    Cbs Construction

  • Roof:

    Flat Roof With Facade Front

  • Cooling Description:

    Electric

  • Heating Description:

    Electric

  • Floor Description:

    Parquet

  • Lot Features:

    Less Than 1/4 Acre Lot

  • Type of Association:

    Condo

Description

$3,300,000 • living size area 8140 sqft

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 at$1,650/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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