1345 Pennsylvania Ave Miami Beach, FL 33139
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1345 Pennsylvania Ave
- Year built
- 1924
- Property type
- Commercial real estate
Description
Exceptional investment opportunity: a 19-unit multifamily building located at 1345 Pennsylvania Ave, Miami Beach, Florida, 33139. This three-story building, constructed in 1924, offers a compelling mix of 12 one-bedroom, one-bathroom units and 7 studio units, each with a full bathroom. All units are fully furnished and equipped with televisions, adding immediate rental income potential. A convenient on-site laundry facility enhances tenant satisfaction. The property's prime location places it within easy reach of Ocean Drive, Lincoln Road, and Espanola Way, as well as the beautiful beaches of Miami Beach. The asking price is $5,999,999. The property is being sold "as is." Interested parties should be prepared to provide proof of funds and schedule showings in advance. This is a rare chance to acquire a well-situated, income-generating property in a highly desirable area of Miami Beach. The building consists of one structure and presents a strong opportunity for immediate return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1338279
- Latitude
- 25.7849559
