Art Deco Apartment
For Sale
$3,200,000
1329 Pennsylvania Ave, Miami Beach, FL 33139
Eight-unit apartment building with value-add potential in Miami Beach.
Property Size5,760 SF
Lot Size0.17 Acres
Days on Market178
Property Features for 1329 Pennsylvania Ave
General Information
Standard status
Active
Size
5,760 SF
Lot size
0.17 Acres
Property subtype
Commercial
Lease Term
Month-to-month
Taxes and HOA fees
Annual Taxes
$31,114
Building Details
Building Size
5,760 SF
Year Built
1936
Stories
2
Listing Agency:
BHHS EWM Realty
Listed By:
Ben Brissi · License #3288847
(561) 870-2211
Source:
Elliman
Added: Mar 11
Changed: Aug 13
Last Checked: Sep 1 at 9:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS EWM Realty
Investment Insights
Based on property information with market context.
Shermon Court, located at 1329 Pennsylvania Avenue, is an Art Deco building designed in 1936 by architect Henry Hohauser. The property is an eight-unit apartment building featuring spacious one-bedroom, one-bathroom layouts. Common laundry facilities are available. There are five off-street parking spaces. All units are occupied by long-term tenants on month-to-month leases. The property has passed its 40-year recertification. The building offers secure cash flow and value-add potential.
Key Highlights
- Significant upside potential through rent repositioning from $1,700 to $2,300-$2,500 with renovations.
- Well‑maintained 8‑unit Art Deco building designed by renowned architect Henry Hohauser.
- Secure cash flow with all units currently occupied by long‑term tenants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,611
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit apartment building with value-add potential in Miami Beach.
Where is this apartment building located?
The property is located at 1329 Pennsylvania Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Significant upside potential through rent repositioning from $1,700 to $2,300-$2,500 with renovations.; Well‑maintained 8‑unit Art Deco building designed by renowned architect Henry Hohauser.; Secure cash flow with all units currently occupied by long‑term tenants.
