1124 Pennsylvania Ave
Miami Beach, FL 33139
12 Beds12 Baths8,140 Sq Ft93 Days on Market
For Sale $3,500,000
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Courtesy of The Keyes Company
Listing Agent & Comments
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
MLS# A11758768 • Data provided by Miami MLS
| Living Area | 8,140 Sq.Ft. |
|---|---|
| Lot Size | 7,000 Sq.Ft. |
| Total Rooms | -- |
| Bedrooms | 12 |
| Bathrooms | 12 |
| Stories | 2 |
| Year Built | 1948 |
| Property Type | Multifamily |
| Zoning | 3900:MULTI-FAM,38-62 U/A |
| HOA Name | -- |
| HOA Fee | -- |
| HOA Includes | -- |
| Tax Year | 2024 |
| Tax Amount | $33,824 |
| Property in Flood Zone | -- |
Data provided by Miami MLS.
More Information On This Home
This home's estimated value
$3,277,169
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
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The information is being provided by Miami MLS. Information deemed reliable but not guaranteed. Information is provided for consumers'' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Copyright 2025 Miami MLS. All Rights Reserved.
Updated on 06/08/2025 at 12:19pm
HouseCanary, Inc. Brokerage
1124 Pennsylvania Ave., Miami Beach, FL 33139
Multifamily12 Beds12 Baths8,140 Sq Ft93 Days on Market
Listing Agent & Comments
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
MLS# A11758768 • Data provided by Miami MLS
| Living Area | 8,140 Sq.Ft. |
|---|---|
| Lot Size | 7,000 Sq.Ft. |
| Total Rooms | -- |
| Bedrooms | 12 |
| Bathrooms | 12 |
| Stories | 2 |
| Year Built | 1948 |
| Property Type | Multifamily |
| Zoning | 3900:MULTI-FAM,38-62 U/A |
| HOA Name | -- |
| HOA Fee | -- |
| HOA Includes | -- |
| Tax Year | 2024 |
| Tax Amount | $33,824 |
| Property in Flood Zone | -- |
Data provided by Miami MLS.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
For Sale $3,500,000
Save
Courtesy of The Keyes Company
The information is being provided by Miami MLS. Information deemed reliable but not guaranteed. Information is provided for consumers'' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Copyright 2025 Miami MLS. All Rights Reserved.
Updated on 06/08/2025 at 12:19pm
1124 Pennsylvania Ave
Miami Beach, FL 33139
12 Beds12 Baths8,140 Sq Ft93 Days on Market
Listing Agent & Comments
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
MLS# A11758768 • Data provided by Miami MLS
| Living Area | 8,140 Sq.Ft. |
|---|---|
| Lot Size | 7,000 Sq.Ft. |
| Total Rooms | -- |
| Bedrooms | 12 |
| Bathrooms | 12 |
| Stories | 2 |
| Year Built | 1948 |
| Property Type | Multifamily |
| Zoning | 3900:MULTI-FAM,38-62 U/A |
| HOA Name | -- |
| HOA Fee | -- |
| HOA Includes | -- |
| Tax Year | 2024 |
| Tax Amount | $33,824 |
| Property in Flood Zone | -- |
Data provided by Miami MLS.
More Information On This Home
This home's estimated value
$3,277,169
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
The information is being provided by Miami MLS. Information deemed reliable but not guaranteed. Information is provided for consumers'' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Copyright 2025 Miami MLS. All Rights Reserved.
Updated on 06/08/2025 at 12:19pm
For Sale $3,500,000
Save
Courtesy of The Keyes Company