Interior
- Bathrooms
- 0
- Living area
- 8,219 sq ft
Active · Quadruplex
$4,700,000
1345 Pennsylvania Ave, Miami Beach, FL 33139
- Beds
- —
- Baths
- 0
- Living area
- 8,219 sq ft
- $ / sq ft
- $572/sq ft
- Year built
- 1924
- Lot size
- —
- 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. ALL POTENTIAL BUYERS WILL NEED TO SIGN AN NDA AND PROVIDE VERIFABLE PROOF OF ABILITY TO PURCHASE PROPERTY. THANK YOU!
Property location
Get Directions1345 Pennsylvania Ave, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- Quadruplex
- Year built
- 1924
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Miami-Dade
- MLS listing ID
- A12013240
- Listing status
- Active
Investment intelligence
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
-$7,517
- Cap rate
- 3.8%
- Net yield
- 3.8%
- Cash-on-cash return
- -6.9%
- Gross yield
- 7.1%
- Mortgage payment
- $22,280/mo
- Down payment
- $1,175,000
- Loan amount
- $3,525,000
- Annual NOI
- $177,165
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.