For Sale
$3,950,000

900 Pennsylvania Ave Miami Beach, FL 33139

14-Unit Apartment Building, High Demand

Overview

Added:
Dec 11, 2024
Days on market:
136
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 Details for 900 Pennsylvania Ave

Property type
Apartment buildings
Square Feet
8,502 SF
Class
B
Year Built
1936
Buildings
1
Stories
2
Units
14

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.779463749663
Longitude
-80.134088315138

FAQs

What type of property is this?
Apartment building - 14-Unit Apartment Building, High Demand
Where is the apartment building located?
The property is located at 900 Pennsylvania Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $3,950,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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900 Pennsylvania Ave
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