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$3,300,000
For Sale

1124 Pennsylvania Ave,

Miami-Dade

Listed on September 7, 2025

Quadruplex

MLS® # A11873913
Bedrooms
0 Beds
Bathrooms
0 Baths
Size
8,140 sqft
Parkings
0
Maintenance Fees
-
Annual Tax
$33,824

Description

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

The Keyes Company

Features & Details

Learn about the features and details of 1124 Pennsylvania Ave

Property Details

  • Property Type
    Quadruplex
  • Living Area
    8,140 sqft
  • Year Built
    1948
  • Lot Size
    -
  • Stories
    -
  • Annual Tax
    $33,824.00
  • List Date
    9/7/2025
  • Updated
    9/7/2025
  • Last Checked
    Recent
  • MLS Number
    #A11873913
  • Brokerage
    The Keyes Company
  • Postal Code
    33139
  • Area
    Miami-Dade
  • City
    Miami Beach

Additional Property Features

  • Occupancy
    CallAgent
  • List Price
    $3,300,000.00
  • Unit Number
    -
  • Construction
    Block
  • Heating
    Electric
  • Fireplaces
    -
  • Garage
    -
  • Parking Type
    No
  • Pets Allowed
    No
  • Air Conditioning
    Electric
  • Elevator
    No
  • Locker
    No
  • Swimming Pool
    None
  • Patio
    No
  • Basement
    No
  • Den
    No
  • Central Vacuum
    No
  • Garage Type
    No

Additional Listing Information

  • Walk Score
    –
  • Property Manager
    -
  • Utilities Included
    None
  • Furnished
    No
  • Assessment Year
    2025
  • Assignment
    No
  • Extras Included
    None

Inside

  • Bedrooms & Baths
    0 Bed, 0 Bath
  • Ensuite
    Yes
  • Bathrooms
    0
  • Flooring
    Mixed

Price history

Learn about the price history of 1124 Pennsylvania Ave

Virtual Tour

Take a 3D tour of this property

Real estate trends

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Explore Miami-Dade

Learn about the area around 1124 Pennsylvania Ave

Mortgage Calculator
Estimate monthly payments for 1124 Pennsylvania Ave
$0
20.0%
$3,300,000
1%
5.25%
10%
Estimated Monthly Payment

$15,820

Cash Flow Analysis
Mortgage Payment:
$15,820.14
Monthly Payment:
$18,638.81
Break Even Down Payment:
100%
Cash Flow
$0
Disclaimer: This calculator provides estimates for informational purposes only. Consult a financial advisor for personalized advice.

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About this property

Discover this impressive 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 $3,300,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.

FAQs About 1124 Pennsylvania Ave

Miami Association of REALTORS®
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