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$2,900,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 1 day ago
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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

Full Property Details for 1124 Pennsylvania Ave

General

  • Sold For: $2,900,000
  • Taxes: $33,824 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11873913
  • Added to Site: 132 day(s) ago

Rental Information

  • Rent Includes: Hot Water, Gardener, Pest Control, Sewer, Trash Collection, Water

Interior

  • Flooring: Parquet

Location

  • Area: Ocean Beach Addn No 3
  • County: Miami-Dade County
  • Subdivision: OCEAN BEACH ADDN NO 3
  • Building Name: OCEAN BEACH ADDN NO 3

Community

  • Community Name: Ocean Beach Addn No 3
  • Association: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Electric
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer

Structural Information

  • Architectural Style: Attached, Old Spanish
  • Structure Type: Quadruplex, Fourplex
  • Detached/Attached: Detached
  • Construction: CBS Construction
  • Roof: Flat Roof With Facade Front
  • Stories/Levels: 2
  • Building Size: 8140
  • Square Feet: 8,140
  • Living Area: 8,140 Sq. Ft.
  • Year Built: 1948

Lot Features

  • Lot Features: Less Than 1/4 Acre Lot
  • Potential Use: Investment
  • Zoning: 3900

Financial Considerations

  • Price Per Sq. Ft.: $356.27
  • Assoc Fee Freq.: Annually
  • Tax Amount: $33,824
  • Tax Year: 2025
  • Terms: All Cash, Conventional, Exchange

Disclosures and Reports

  • Documents Avail.: Accounting Statements, Deposit - Last Months Rent, Deposit - Security, Financial Statement, Investment Analysis, Copy Of Lease(S), Rent Rolls
  • Legal Description: OCEAN BEACH ADDN NO 3 PB 2-81 LOT 3 BLK 42 LOT SIZE 50.000 X 140 OR 21070-1416 0203 1
  • Property ID: 02-42-03-009-1040

Listed and Sold by The Keyes Company

Listing agent

— 1124 Pennsylvania Ave —

  • The Keyes Company

305-898-7224

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1124 Pennsylvania Ave

School District:Dade County School District
NameGradesDistance
Fienberg/Fisher K-8 Center
1420 Washington Avenue, Miami Beach, FL 33139
PK-50.3 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-82.2 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1124 Pennsylvania Ave

Date
Details
Price
Change
Source
10/31/2025
Sold
$2,900,000
-12.12%
MLS
9/07/2025
Listed
$3,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by The Keyes Company

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1124 Pennsylvania Ave, Miami Beach, FL 33139 (MLS# A11873913) is a Multi-Family property that was sold at $2,900,000 on October 31, 2025. Want to learn more about 1124 Pennsylvania Ave? Do you have questions about finding other Multi-Family real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.