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1124 Pennsylvania Ave
Miami Beach, FL 33139

$3,400,000 USD

Apartments For Sale  •  8,140 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,140 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1948
  • Cap Rate 6.03 %
  • Zoning RM-1, Miami Beach
55 Transit Score
97 Walk Score

Highlights

Art Deco` Historic Building South Beach Miami
close to ocean and Lincoln road
perfect investment in the optics of future acquiring license for tourists rental

Property Flyers

Financial Summary (Actual)

Net Operating Income: $184,284 USD (2023)
Cap Rate: 6.03 %
Total Expenses: $72,516 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Laundry Facilities
  • Heating
  • Kitchen
  • Oven
  • Tub/Shower
  • Bicycle Storage

Public Transportation

Commuter RailDriveWalkDistance
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 11 min - 5.3 mi
Government Center (Metromover Brickell Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Downtown Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover), Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 12 min - 5.6 mi
AirportDriveWalkDistance
Miami International 29 min - 15.5 mi
Fort Lauderdale/Hollywood International 41 min - 27.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Surface
Included in Rent: Yes
Fabrizio Passatore 305-898-7224 AD Mobili Inc.
Fabrizio Passatore 305-898-7224 AD Mobili Inc.