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Property profile & analytics
OFF-MARKET
Commercial real estate

900 Pennsylvania Ave Miami Beach, FL 33139

8,502 SF Built 1936
Property ID
US18-0193033
Property summary
AI-generated overview

This exceptional investment opportunity presents a 14-unit apartment building located in the heart of Miami Beach, Florida. The property, situated at 900 Pennsylvania Ave, boasts a prime location just three blocks from the iconic Ocean Drive and the beach. Built in 1936, this two-story, Class B building encompasses 8,502 square feet on a 7,000 square foot lot (APN: 0242030091320). The property is zoned RM-1 and features separate electric and gas meters for each unit. All 14 units have undergone renovations, some partial and some complete, contributing to consistently high occupancy rates. The building's strong historical performance and location within walking distance of shopping, dining, and entertainment venues make it a compelling investment prospect. This multifamily property offers significant income potential in a highly sought-after South Beach location. The asking price is $3,950,000. This is a rare chance to acquire a well-maintained, income-producing asset in one of Miami Beach's most desirable neighborhoods.

Property profile
Verified
Property type Commercial real estate
Year built 1936
Total area 8,502 SF
APN 0242030091320
UPID US18-0193033
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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