1060 Pennsylvania Ave # 4, Miami Beach FL 33139

Description

INVESTOR OPPORTUNITY — STEPS FROM THE BEACH! Vacant and unfurnished updated studio in the heart of South Beach, offering an excellent cash-flow investment with an estimated ~10% cap rate under current long-term rental guidelines. Located in a well-maintained building that has passed its 40-Year Recertification. Offered at $159,000 with HOA of $481/month (paid annually). Approximately $700,000 in capital improvements completed over the last five years, including electrical, structural, and roof upgrades — all fully assessed. HOA includes all standard insurance, including wind. Building is quiet, secure, and professionally managed. The unit features two separate entrances, including a private street entrance, increasing tenant appeal. Short-term rentals and Airbnb are not permitted; however, the building allows long-term rentals with a minimum of two leases per year, providing stable and predictable income. With the unit vacant and rent-ready, this is an ideal opportunity for investors seeking immediate placement, strong returns, and low future capital risk in one of Miami Beach’s most desirable locations. Cash only purchase.

This stock cooperative home located at 1060 Pennsylvania Ave # 4, Miami Beach FL 33139 is currently for sale and has been available on Brickellsold for 161 days. This property is listed at $159K. It has N/A beds, 1 bathrooms, and is 380 square feet. It was built in 1962. 1060 Pennsylvania Ave # 4, Miami Beach FL 33139 is in Miami Beach county Miami-Dade County.