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#A11631806, Ugo Cortesano, Listing Office: Corte Real Estate Group LLC
Property details
About 1124 Pennsylvania Ave
Exclusive Investment Opportunity in Miami Beach Almost completely renovated 12-unit, 8,140 SF low-rise building seamlessly blends historic charm with modern appeal, offering investors a prime multifamily asset in a prestigious location. Property Highlights: ? Turnkey Investment – Fully renovated with new roof (August 2024) ? Strong Rental History – 95% occupancy rate, ensuring stable cash flow ? Unit Mix & Sizes: 8 Studios (Avg. 500 SF) – Rented at $1,650/month - 4 One-Bedroom Units (Avg. 700 SF) – Rented at $2,100/month ? Recertification Passed – Fully compliant and up to code ? Projected Cap Rate: 6.76% upon rental completion ART DECO` DISTRICT
Highlights
Home typeQuadruplex
HeatingWall Furnace
StatusActive
CoolingWall/Window Unit(s)
Size8,140 sqft
Year built1948
MLS #A11758768
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Summary
- MLS Number: A11758768
- MLS Name: SEFMIAMI
- Office Name: The Keyes Company
- Office Phone: (305) 898-7224
- Listing Agent: Fabrizio Passatore
© 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/12/2025, 4:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,500,000
1124 Pennsylvania Ave
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,660,000 | $31,368 |
| 2022 | $1,870,000 | $34,867 |
| 2021 | $1,680,000 | $34,867 |
| 2020 | $1,729,000 | $32,437 |
| 2018 | $1,490,744 | $31,757 |
| 2017 | $1,670,000 | $28,009 |
History based on county public records data.
Nearby schools
6
Fienberg/Fisher K-8 Center
Public District PK-5
0.3 mi
•1420 Washington Ave
8
South Pointe Elementary School
Public District PK-5
0.7 mi
•1050 4th St
10
North Beach Elementary School
Public District PK-5
2.2 mi
•4100 Prairie Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,130. Most Miami Beach, FL residents have annual incomes less than $<35k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
42%
<35k
38%
35k-100k
15%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
77%
Single, No Kids
7%
Single, with Kids
12%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
2%
12-17 yrs old
45%
18-34 yrs old
41%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Tennis
Major League Soccer (MLS)
Music Concerts
Where do the neighbors shop?
Crate & Barrel
Banana Republic
H&M
Where do the neighbors go to eat?
Starbucks
Jack In The Box
Chipotle
What do the neighbors drive?
BMW
Toyota
Volkswagen
What do the neighbors listen to?
News
Jazz
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 1124 Pennsylvania Ave in Miami Beach, FL and zip code 33139 in the Flamingo / Lummus neighborhood. This 8,140 square foot home was built in 1948. Features: 0 bathroom. It has been listed on Rocket Homes since March 7, 2025 and is currently priced at $3,500,000.
In March 2025 more than 3 listings in Miami Beach, FL were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 102 were sold below. In March 2025 in Miami Beach, FL there were 13.1% more homes for sale than in February. While the average time on the market in March 2025 was 108 days, the median list price was $682,619.
From Rocket Homes Real Estate and based on county public records data.