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Sold
Sold on October 31, 2025

1124 Pennsylvania Ave

$3,300,000
$2,900,000
0 Beds
0 Baths
8,140 sqft
0 Parkings
Lot size
-
Annual Tax
$33,824
Occupancy
Contact Agent
Year Built
1948
Property type
Multifamily
#MLS
A11873913

Description

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
The Keyes Company

Features & Details

Learn about the features and details of 1124 Pennsylvania Ave

Property Details

  • Property Type
    Quadruplex
  • Living Area
    8,140 sqft
  • Year Built
    1948
  • Lot Size
    -
  • Stories
    -
  • Annual Tax
    $33,824.00
  • List Date
    9/7/2025
  • Updated
    11/4/2025
  • Last Checked
    Recent
  • MLS Number
    #A11873913
  • Brokerage
    The Keyes Company
  • Postal Code
    33139
  • Area
    Miami-Dade
  • City
    Miami Beach

Additional Property Features

  • Occupancy
    CallAgent
  • List Price
    $3,300,000.00
  • Unit Number
    -
  • Construction
    Block
  • Heating
    Electric
  • Fireplaces
    -
  • Garage
    -
  • Parking Type
    No
  • Pets Allowed
    No
  • Air Conditioning
    Electric
  • Elevator
    No
  • Locker
    No
  • Swimming Pool
    None
  • Patio
    No
  • Basement
    No
  • Den
    No
  • Central Vacuum
    No
  • Garage Type
    No

Additional Listing Information

  • Walk Score
    –
  • Property Manager
    -
  • Utilities Included
    None
  • Furnished
    No
  • Assessment Year
    2025
  • Assignment
    No
  • Extras Included
    None
  • Virtual Tour
    View virtual tour

Inside

  • Bedrooms & Baths
    0 Bed, 0 Bath
  • Ensuite
    Yes
  • Bathrooms
    0
  • Flooring
    Mixed

Price history

Learn about the price history of 1124 Pennsylvania Ave

Real estate trends

View trends of price in Miami Beach over the last 12 months

Explore Miami-Dade

Learn about the area around 1124 Pennsylvania Ave

Mortgage Calculator
Estimate monthly payments for 1124 PENNSYLVANIA AVE
$0
20.0%
$3,300,000
1%
5.25%
10%
Estimated Monthly Payment

$15,820

Cash Flow Analysis
Mortgage Payment:
$15,820.14
Monthly Payment:
$18,638.81
Break Even Down Payment:
100%
Cash Flow
$0
Disclaimer: This calculator provides estimates for informational purposes only. Consult a financial advisor for personalized advice.

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About this property

Discover this stunning quadruplex in the heart of Miami Beach. This well-appointed property offers 8,140 square feet of living space. Originally built in 1948. Offered at $3,300,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.

FAQs About 1124 Pennsylvania Ave

1124 Pennsylvania Ave, MLS® A11873913 has a size of 8140 sqft.

There are bedrooms and bathrooms in this Multifamily at 1124 Pennsylvania Ave, MLS® A11873913.

Annual taxes for this home are $33,824 based on 2025 tax year reports.
Miami Association of REALTORS®
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.
©2025 Miami Association of REALTORS® all rights reserved.
1124 Pennsylvania Ave