1124 Pennsylvania Ave, Miami Beach FL 33139
Quadruplex at OCEAN BEACH ADDN NO 3 in Miami Beach
$3,500,000
n/a
n/a
8140
Quadruplex, Residential Income
Details
Overview
Description
Exclusive Investment Opportunity in Miami Beach Almost 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 completion ART DECO` DISTRICT
This quadruplex home located at 1124 Pennsylvania Ave, Miami Beach FL 33139 is currently for sale and has been available on Brickellsold for 6 days. This property is listed at $4M. It has N/A beds, N/A bathrooms, and is 8140 square feet. It was built in 1948. 1124 Pennsylvania Ave, Miami Beach FL 33139 is in Miami Beach county Miami-Dade County.
Interior
- Flooring: Wood
- Common walls with other units/homes: Attached
Property
- Parking Features:
- Entry location:
- Exterior Features:
- View Description:
Construction
- Year Built: 1948
Community & HOA
- Security Features:
- Subdivision: OCEAN BEACH ADDN NO 3
- Has HOA: Yes
- Amenities: