1027 Pennsylvania Ave 103, Miami Beach, FL 33139 — MLS photo

Active · Condominium

$414,000

1027 Pennsylvania Ave 103, Miami Beach, FL 33139

Beds: 2
Baths: 2
Living area: 800 sq ft
$ / sq ft: $518/sq ft
Year built: 1925
Lot size: —
HOA fee: $671 Monthly
Annual tax: $4,310

About this property

SPARKLING corner unit in the heart of South Beach with LAUNDRY INSIDE the unit. Absolutely stunning layout sporting brand new flooring throughout, wonderful open kitchen with a dishwasher, great living room and dining room space, enormous built-out closets, central a/c, recessed LED lighting and stunning porcelain bathrooms. Incredibly light and bright and drenched in natural sunlight. The unit is perfectly located, set back and quiet, in a wonderful gated community with bicycle storage, a picturesque lobby and warm ambiance. The location is fantastic, just steps from the beach, Flamingo Park, Espanola Way and fantastic dining and nightlife. Easy to show! Call today.

Property location

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1027 Pennsylvania Ave 103, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 2
Living area: 800 sq ft
Flooring: Laminate, Tile
Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling: Central Air
Heating: Central
Interior features: Breakfast Bar, Built In Features, Bedroom On Main Level, Closet Cabinetry, Dining Area, Separate Formal Dining Room, Bar
Furnished: Unfurnished

Exterior & Structure

Property type: Condominium
Year built: 1925
Stories: 3
Construction: CBSConcrete Block Structure, Block
Exterior features: Porch
View: Garden

Parking

Garage spaces: 0
Covered spaces: 0
Parking features: On Street

HOA, Community & Financials

Association fee: $671 Monthly
Fee inclusions: Maintenance Grounds, Sewer, Trash, Water
Amenities: Bike Storage
Security: Complex Fenced, Intercom, Smoke Detectors
Pets allowed: Conditional, Yes
Annual tax: $4,310
Subdivision: PENN PLAZA CONDO
County: Miami-Dade
Days on market: 0
MLS listing ID: A11970060
Listing status: Active

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Monthly HOA ($)

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Estimated monthly cash flow

-$913

Cap rate: 3.0%
Net yield: 3.0%
Cash-on-cash return: -9.5%
Gross yield: 7.5%
Mortgage payment: $1,963/mo
Down payment: $103,500
Loan amount: $310,500
Annual NOI: $12,593

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.