Art Deco Apartment
1329 Pennsylvania Ave Miami Beach, FL 33139
1329 Pennsylvania Ave, Miami Beach, FL, 33139
$3,200,000
For Sale
$3,200,000
Eight-unit apartment building with value-add potential in Miami Beach.
Lot Size0.17 Acres
Days on Market130
Property Features for 1329 Pennsylvania Ave
General Information
- Standard status
- Active
- Lot size
- 0.17 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1936
Listing Agency
BHHS EWM Realty
(561) 870-2211
Listed by
Ben Brissi · License #3288847
(561) 870-2211
Source
Elliman
Added: Mar 11 Checked: Jul 17 at 6:47 am
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.
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FAQs
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.
