Interior
- Bathrooms
- 0
- Flooring
- Tile, Vinyl
- Cooling
- Wall Window Units
- Heating
- Window Unit, Wall Furnace
Active · MultiFamily
$4,700,000
1345 Pennsylvania Ave, Miami Beach, FL 33139
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1924
- Lot size
- 7,500 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
Prime Multifamily asset in the heart of Miami Beach. Three-story building with 19 fully furnished residential units:12 one-bedroom/one-bath units and 7 studios. All units are leased long-term with strong, stable occupancy. Located steps from the beach, Lincoln Road, Ocean Drive, and top dining and retail. Shared laundry room on-site. Ideal for investors seeking consistent cash flow and long-term value in a high-demand rental market. Turnkey opportunity in one of South Florida’s most desirable locations.The property selling AS IS. . Require proof of funds. PLEASE MUST USE SHOWING TIME. DO NOT TEXT REALTOR.
Property location
Get Directions1345 Pennsylvania Ave, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- MultiFamily
- Year built
- 1924
- Lot size
- 7,500 sq ft
- Roof
- Other
- Construction
- Block
Parking
- Covered spaces
- 0
- Parking features
- Common, Free Parking, On Street
HOA, Community & Financials
- Security
- Security System, Fenced, Smoke Detectors
- County
- Miami-Dade
- Days on market
- 127
- MLS listing ID
- A12013211
- Listing status
- Active
Virtual tour
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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.
Estimated monthly cash flow
-$9,199
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $22,280/mo
- Down payment
- $1,175,000
- Loan amount
- $3,525,000
- Annual NOI
- $156,980
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.