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
Sold for $2,900,000
$2,900,000
1124 Pennsylvania Ave, Miami Beach, FL 33139
--beds
--baths
8,140sqft
Quadruplex
Built in 1948
-- sqft lot
$2,846,200 Zestimate®
$356/sqft
$1,776 Estimated rent
Home value
$2,846,200
$2.48M - $3.24M
$1,776/mo
Zestimate® history
Owner options
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$1,776/mo
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$1,776/mo
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$20,182/mo
Est. payment
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$20,182/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Fabrizio Passatore 305-898-7224,
The Keyes Company
Bought with:
Fabrizio Passatore, 3380549
The Keyes Company
Source: MIAMI,MLS#: A11873913
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Heating
- Electric
Cooling
- Electric
Features
- Flooring: Parquet
Interior area
- Total structure area: 8,140
- Total interior livable area: 8,140 sqft
Property
Features
- Stories: 2
Lot
- Features: Less Than 1/4 Acre Lot
Details
- Parcel number: 0242030091040
- Zoning: 3900
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Old Spanish
- Property subtype: Quadruplex
Materials
- CBS Construction
- Roof: Flat Roof With Facade Front
Condition
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Ocean Beach Addn No 3
HOA
- Has HOA: Yes
Location
- Region: Miami Beach
Financial & listing details
- Price per square foot: $356/sqft
- Annual tax amount: $33,824
- Date on market: 9/7/2025
- Listing terms: All Cash,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Sold | $2,900,000-12.1%$356/sqft |
Source:  MIAMI #A11873913 Report a problem | ||
| 9/7/2025 | Listed for sale | $3,300,000-5.7%$405/sqft |
Source: MIAMI #A11873913 Report a problem | ||
| 9/4/2025 | Listing removed | $3,500,000$430/sqft |
Source: MIAMI #A11758768 Report a problem | ||
| 3/7/2025 | Listed for sale | $3,500,000$430/sqft |
Source: MIAMI #A11758768 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Flamingo Lummus
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Nearby schools
GreatSchools rating
- 5/10Fienberg/Fisher K-8 CenterGrades: PK-8Distance: 0.3 mi
- 5/10Miami Beach Senior High SchoolGrades: 9-12Distance: 1.2 mi
- 5/10Nautilus Middle SchoolGrades: 6-8Distance: 2.3 mi
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Estimated market value
$2,846,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,846,200
- Florida
- Miami-Dade County
- Miami Beach
- 33139
- Flamingo Lummus
- 1124 Pennsylvania Ave
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