SoldOct 31, 2025

Listed and Bought with Fabrizio Passatore

Source: MIAMI Association of REALTORS® #A11873913

1124 Pennsylvania Avenue, Miami Beach, FL, 33139

$2,900,000

8140 sq. ft.

Duplex

25 days on the market

Sold: Oct 31, 2025

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About this property

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

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