Ocean Beach Addn No 3 Fourplex For Sale
1124 Pennsylvania Ave, Miami Beach, FL 33139

$3,500,000
For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A11758768
  • Virtual Tour: YES
  • List Price: $3,500,000
  • Living Area: 8140 Ft² / 756 M²
  • Price Per Foot/Meter: $430 / $4,628
  • Taxes:$33,824
  • Year Built:1948
  • Listing Date:March 7, 2025
  • Days On Market:128

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

Features


  • Floor:Hardwood, Wood
  • Exterior Feature:

Location


Request Information
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker