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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 TypeQuadruplex
- Living Area8,140 sqft
- Year Built1948
- Lot Size-
- Stories-
- Annual Tax$33,824.00
- List Date9/7/2025
- Updated11/4/2025
- Last CheckedRecent
- MLS Number#A11873913
- BrokerageThe Keyes Company
- Postal Code33139
- AreaMiami-Dade
- CityMiami Beach
Additional Property Features
- OccupancyCallAgent
- List Price$3,300,000.00
- Unit Number-
- ConstructionBlock
- HeatingElectric
- Fireplaces-
- Garage-
- Parking TypeNo
- Pets AllowedNo
- Air ConditioningElectric
- ElevatorNo
- LockerNo
- Swimming PoolNone
- PatioNo
- BasementNo
- DenNo
- Central VacuumNo
- Garage TypeNo
Additional Listing Information
- Walk Score–
- Property Manager-
- Utilities IncludedNone
- FurnishedNo
- Assessment Year2025
- AssignmentNo
- Extras IncludedNone
- Virtual TourView virtual tour
Inside
- Bedrooms & Baths0 Bed, 0 Bath
- EnsuiteYes
- Bathrooms0
- FlooringMixed
Price history
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Real estate trends
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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 beautiful 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.
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.
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1124 Pennsylvania Ave