Apartment Buildings /FL /Miami/Dade County /Miami Beach /1124 Pennsylvania Ave
Apartment Buildings /FL /Miami/Dade County /Miami Beach /1124 Pennsylvania Ave

1124 Pennsylvania Ave - Apartments FOR SALE


Miami Beach, FL 33139 | 
$3,400,000 USD
305-898-7224
1124 Pennsylvania Ave, Miami Beach, FL for Sale
$3,400,000 USD
Apartments - FOR SALE
1/51
null | 6.03% Cap Rate
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1124 Pennsylvania Ave
Miami Beach, FL 33139

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HIGHLIGHTS

  • Art Deco` Historic Building South Beach Miami
  • close to ocean and Lincoln road
  • perfect investment in the optics of future acquiring license for tourists rental

OVERVIEW

new roof (August 2024) 12 units : 8 studios avg 500 sf 4 One bedroom avg 700 sf 11/12 occupied. recert passed cap rate during restoration 4.5% cap rate as rental completed 6.76% Studios rented at 1,650$ $/mt One bed. rented at 2,050 $/mt

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$418 USD /SF

# OF UNITS

12

PRICE/UNIT

$283,333

CAP RATE

6.03%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RM-1, Miami Beach

APN/PARCEL ID

02-4203-009-1040

ASK ABOUT THIS PROPERTY

Fabrizio PassatoreAD Mobili Inc.More Info
305-898-7224

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Fabrizio PassatoreAD Mobili Inc.More Info
305-898-7224

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

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