1231 Pennsylvania Avenue 9, Miami Beach, FL 33139

Listing Snapshot

About This Home

Rare opportunity in the heart of South Beach! Bright and spacious studio with den, assigned parking, in-unit washer & dryer, and a full kitchen — a major advantage compared to many South Beach studios with only kitchenettes. Functional layout with flexible den space ideal for a home office or guest area. Just blocks from Lincoln Road, Española Way, Flamingo Park, and only minutes from the beach. Enjoy being surrounded by top restaurants, cafés, shopping, nightlife, and everything that makes Miami Beach living unique. Excellent investor opportunity with tenant in place through January 2027 paying $1,800/month, providing immediate rental income and an estimated 5.83% ROI. Aprox.Property is tenant occupied; same-day showing requests may be subject to delays and confirmationSame owner also offers Unit #8, a 1-bedroom + den residence featuring assigned parking and in-unit washer & dryer. Excellent opportunity for investors seeking multiple units in the same South Beach building.

General Features

Property Type

Residential

Sub-type

Condominium

Stories

2

Garage Spaces

1

Security

None

Subdivision

1231 PENN INC CONDO

Interior Features

Appliances

GasRange,GasWaterHeater,Refrigerator

Flooring

Marble

Heating

Other

Cooling

CeilingFans,Electric,WallWindowUnits

Interior Features

ClosetCabinetry,DiningArea,LivingDiningRoom,MainLevelPrimary,SittingAreaInPrimary,TubShower

Laundry

LaundryTub

Exterior Features

Construction

Block

Exterior Features

Lighting

View

Other

Waterfront

No

Community Features

Association Dues

$564 / monthly

MLS Area

2320

Schools

Map

Virtual Tour