1329 Pennsylvania Ave, Miami Beach, FL 33139
- $3,200,000
- List Price
- $3,200,000
- MLS#
- A11888408
- Lot Size
- 7,500
- Subtype
- Income/MultiFamily
- County
- Miami-Dade
- Community
- Not Found
- Year Built
- 1936
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.
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Additional Information
- Status Label
- ACTIVE
- Total Unitsin Complex
- 8
- Boat Service
- Building & Land
- Construction
- Stucco
- Roof
- Built-Up
- Taxes
- $31,114
- Total Floors
- 2
- Stories
- 2
- Roofing
- Built-Up
- Boat Services
- Building & Land
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Listing Courtesy Of BHHS EWM Realty, Contact: ben@brissigroup.com