Interior
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 675 sq ft
Active · Condominium
$249,000
1231 Pennsylvania Ave 8, Miami Beach, FL 33139
- Beds
- 1
- Baths
- 1
- Living area
- 675 sq ft
- $ / sq ft
- $369/sq ft
- Year built
- 1965
- Lot size
- —
- HOA fee
- $768
- Annual tax
- —
About this property
0pportunity in the heart of South Beach! Bright and spacious 1 bedroom with den, assigned parking, in-unit washer & dryer, and a full kitchen — a major advantage compared to many South Beach studios with only kitchenettes. Functional layout with flexible den space ideal for a home office or guest area. Just blocks from Lincoln Road, Española Way, Flamingo Park, and only minutes from the beach. Enjoy being surrounded by top restaurants, cafés, shopping, nightlife, and everything that makes Miami Beach living unique. Excellent investor opportunity with tenant in place through June 2027 paying $2000/month, providing immediate rental income . aAsigned parking and in-unit washer .Excellent opportunity .
Property location
Get Directions1231 Pennsylvania Ave 8, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1965
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $768
- County
- Miami-Dade
- MLS listing ID
- A12027093
- 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
-$778
- Cap rate
- 1.9%
- Net yield
- 1.9%
- Cash-on-cash return
- -13.4%
- Gross yield
- 9.2%
- Mortgage payment
- $1,180/mo
- Down payment
- $62,250
- Loan amount
- $186,750
- Annual NOI
- $4,830
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.