900 Pennsylvania Ave Miami Beach, FL 33139
- Commercial real estate
- 8,502 SF
Current Use by Public Records
- Commercial real estate
Property Details for 900 Pennsylvania Ave
- Year built
- 1936
- Property size
- 8,502 SF
- Property type
- Commercial real estate
- APN
- 0242030091320
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.134088315138
- Latitude
- 25.779463749663
