1027 Pennsylvania Ave 203, Miami Beach, FL 33139 — MLS photo

Active · Condominium

$329,000

1027 Pennsylvania Ave 203, Miami Beach, FL 33139

Beds: 2
Baths: 1
Living area: 800 sq ft
$ / sq ft: $411/sq ft
Year built: 1925
Lot size: —
HOA fee: $671 Monthly
Annual tax: $4,224

About this property

CASH BUYERS ONLY. Bright and quiet corner unit with plenty of natural light. Wood floors throughout, newly renovated bathroom with marble floors, washer and dryer inside the unit, tankless water heater (2024), newer central AC unit (2024). Gated property, within walking distance to the beach and Lincoln Road. Tenant occupied. Please schedule showing in advance.

Property location

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1027 Pennsylvania Ave 203, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 1
Living area: 800 sq ft
Flooring: Hardwood, Marble, Wood
Appliances: Dryer, Electric Range, Microwave, Refrigerator, Washer
Cooling: Central Air
Heating: Central, Electric
Interior features: Bedroom On Main Level, Second Floor Entry, Living Dining Room, Shower Only
Furnished: Unfurnished

Exterior & Structure

Property type: Condominium
Year built: 1925
Stories: 3
Construction: CBSConcrete Block Structure, Block
Exterior features: None
View: Other

Parking

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

HOA, Community & Financials

Association fee: $671 Monthly
Fee inclusions: Maintenance Structure, Trash, Water
Amenities: Laundry, None
Security: Complex Fenced
Pets allowed: Conditional, Yes
Annual tax: $4,224
Subdivision: PENN PLAZA CONDO
County: Miami-Dade
Days on market: 178
MLS listing ID: A11989789
Listing status: Active

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Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Down payment (%)

Interest rate (%)

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Monthly rent ($)

Monthly HOA ($)

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Estimated monthly cash flow

-$664

Cap rate: 3.3%
Net yield: 3.3%
Cash-on-cash return: -8.7%
Gross yield: 8.6%
Mortgage payment: $1,560/mo
Down payment: $82,250
Loan amount: $246,750
Annual NOI: $10,747

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