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  • MLS® #: A11758768
  • 1124 Pennsylvania Ave
  • Miami Beach, FL 33139-4562
  • $3,500,000
  • 8,140 SqFt
  • Income

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

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Essential Information

  • MLS® #A11758768
  • Price$3,500,000
  • CAD Dollar$4,887,593
  • UK Pound£2,651,737
  • Euro€3,148,467
  • Bathrooms0.00
  • Square Footage8,140
  • Year Built1948
  • TypeIncome
  • Sub-TypeQuadruplex
  • StyleFourplex
  • StatusActive

Community Information

  • Address1124 Pennsylvania Ave
  • Area42
  • SubdivisionOCEAN BEACH ADDN NO 3
  • CityMiami Beach
  • CountyMiami-Dade
  • StateFL
  • Zip Code33139-4562

Amenities

  • UtilitiesCable Available

Interior

  • InteriorHardwood, Wood
  • HeatingWall Furnace
  • CoolingWall/Window Unit(s)
  • # of Stories2
  • StoriesTwo

Exterior

  • WindowsImpact Glass
  • RoofConcrete, Flat
  • ConstructionBlock
  • Office: The Keyes Company

Property Location

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1124 Pennsylvania Ave on www.ww.jupiteroceanfrontcondos.us

Offered at the current list price of $3,500,000, this home for sale at 1124 Pennsylvania Ave features 0 bedrooms and 0 bathrooms. This real estate listing is located in OCEAN BEACH ADDN NO 3 of Miami Beach, FL 33139-4562 and is approximately 8,140 square feet. 1124 Pennsylvania Ave is listed under the MLS ID of A11758768 and has been on the Miami Beach real estate market for 6 days.

Facts About Miami Beach, FL

Over the past 20 years, no American beach has generated as much buzz as the one that hugs Ocean Drive in Miami Beach. Fringed with palms, backed by Art Deco architecture and pulsating with urban energy, South Beach is the place to stretch out.

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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the REALTOR® Association of Greater Miami and the Beaches, and is updated as of May 13th, 2025 at 2:00am CDT (date/time).

All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Waterfront Properties and Club Communities shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2025 MLS of RAMB.

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