FL > Miami Beach
Miami Beach, FL 33139,1329 Pennsylvania Ave
Miami Beach, FL 33139,1329 Pennsylvania Ave
Miami Beach, FL 33139,1329 Pennsylvania Ave
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Monica Cataluña, CCIM

Monica Cataluña, CCIM

+1(954) 812-1831
$3,200,000
Est. payment /mo
5,760 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,760 sqft

Price per Sqft $555

MLS Listing ID A11888408

HOA Y/N No

Year Built 1936

Annual Tax Amount $31,114

Tax Year 2024

Lot Size 7,500 Sqft

Property Sub-Type Multi Family

Property Description

1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach's signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed/1-bath layouts. The building also has common laundry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ?— well below market. With renovations, rents can be repositioned to $2,300 - $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential.

Location

State FL

County Miami-dade

Area 32

Exterior

Roof Type Built-Up

Private Pool Yes

Building

Story 2

Level or Stories Two

Structure Type Stucco

Others

Tax ID 02-42-03-009-0700

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11888408

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by BHHS EWM Realty
Monica Cataluña, CCIM

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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1329 Pennsylvania Ave