About 1124 Pennsylvania Avenue
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
Features of 1124 Pennsylvania Avenue
| MLS® # | A11873913 |
|---|---|
| USD | $2,900,000 |
| CAD | $4,019,255 |
| CNY | 元19,454,070 |
| EUR | €2,499,568 |
| GBP | £2,143,544 |
| RUB | ₽244,043,410 |
| Last Listing Price | $3,300,000 |
| Year Built | 1948 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Closed |
| HOPA | No Hopa |
Community Information
| Address | 1124 Pennsylvania Avenue |
|---|---|
| Area | 2420 |
| Subdivision | OCEAN BEACH ADDN NO 3 |
| City | Miami Beach |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33139 |
Amenities
| Utilities | Cable Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Electric |
|---|---|
| Cooling | Electric |
| # of Stories | 2 |
Exterior
| Roof | Flat |
|---|---|
| Construction | CBS |
Additional Information
| Date Closed | October 31st, 2025 |
|---|---|
| Date Listed | September 7th, 2025 |
| Days on Market | 372 |
| Zoning | 3900 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Annually |
| Parcel ID | 0242030091040 |
Listing Details
| Office | The Keyes Company |
|---|