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- 1124 Pennsylvania Ave
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$3,500,000
1124 Pennsylvania Ave
·
Miami-Dade
Listed on March 1, 2025
Quadruplex
MLS® # A11758768
Quadruplex
MLS® # A11758768
Bedrooms
0 Beds
Bathrooms
0 Baths
Size
$8,140 sqft
Parkings
0
Maintenance Fees
-
Annual Tax
$33,824
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
The Keyes Company
Features & Details
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Property Details
- Property TypeQuadruplex
- Living Area8,140 sqft
- Year Built1948
- Lot Size-
- Stories-
- Annual Tax$33,824.00
- List Date3/1/2025
- Updated6/7/2025
- Last CheckedRecent
- MLS Number#A11758768
- BrokerageThe Keyes Company
- Postal Code33139
- AreaMiami-Dade
- CityMiami Beach
Additional Property Features
- OccupancyCallAgent
- List Price$3,500,000.00
- Unit Number-
- ConstructionBlock
- HeatingWallFurnace
- Fireplaces-
- Garage-
- Parking TypeNo
- Pets AllowedNo
- Air ConditioningWall Window Units
- ElevatorNo
- LockerNo
- Swimming PoolNone
- PatioNo
- BasementNo
- DenNo
- Central VacuumNo
- Garage TypeNo
Additional Listing Information
- Walk Score–
- Property Manager-
- Utilities IncludedNone
- FurnishedNo
- Assessment Year2024
- AssignmentNo
- Extras IncludedNone
Inside
- Bedrooms & Baths0 Bed, 0 Bath
- EnsuiteYes
- Bathrooms0
- FlooringMixed
Price history
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Virtual Tour
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Real estate trends
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Mortgage Calculator
Estimate monthly payments for 1124 Pennsylvania Ave
20.5%100%
Estimated Monthly Payment
$14,099
Cash Flow Analysis
Mortgage Payment:
$14,099
Monthly Payment:
$16,917.67
Break Even Down Payment:
100%
Cash Flow
$0
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About this property
Discover this stunning quadruplex in the heart of Miami Beach. This well-appointed property offers 8,140 square feet of living space. Originally built in 1948. Offered at $3,500,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.
FAQs About 1124 Pennsylvania Ave
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.
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1124 Pennsylvania Ave