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
Listed by Fabrizio Passatore
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License #3380549
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The Keyes Company
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305-898-7224
Last updated September 07, 2025
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Source: MIAMIRE #A11873913
Listing Facts
TypeMulti-family
NeighborhoodFlamingo-Lummus
Days on Prevu4
Taxes$33,824/year
Size8,140 sqft
Price per sqft$405
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
09/07/2025
Listed by The Keyes Company
$3,300,000
Property Details for 1124 Pennsylvania Ave
Exterior
Construction
Roof: Flat Roof With Facade Front
Stories: 2
Stories Total: 2
Structure Type: Quadruplex, Fourplex
Year Built: 1948
Year Built Details: Resale
Architectural Style: Attached, Old Spanish
Building Name: OCEAN BEACH ADDN NO 3
Construction Materials: CBS Construction
Measurements
Building Area Total: 8,140
Building Area Units: Square Feet
Lot Features: Less Than 1/4 Acre Lot
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 02-42-03-009-1040
Tax Annual Amount: $33,824.00
Tax Year: 2025
Interior
Features
Flooring: Parquet
Measurements
Living Area: 8,140
Living Area Units: Square Feet
Other
Location
Subdivision Name: OCEAN BEACH ADDN NO 3
Utilities
Equipment
Cooling: Electric
Has Cooling: Yes
Heating: Electric
Has Heating: Yes
Sewer: Public Sewer
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
