1231 Pennsylvania Avenue 8, Miami Beach, FL 33139

1 bed · 1 bath · 675 sqft · Built 1965

Rare opportunity in the heart of South Beach! Bright and spacious 1 bedroom 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 June 2027 paying $2000/month, providing immediate rental income and an estimated 4,5% Unfurnished. ROI. Same owner also offers Unit #9, a studio + den residence featuring assigned parking and in-unit washer .Excellent opportunity for investors seeking multiple units in the same South Beach building.

Property type

Condominium

Year built

1965

Stories

2

Subdivision

1231 PENN INC CONDO

Waterfront

No

Private pool

No

HOA (monthly)

$768

Parcel number

0242030240080

Annual tax

$3,712

Miami Beach runs from South Beach Art Deco condos to Mid-Beach high-rises and North Beach single-family pockets. The condo market dwarfs the SFH market here — supply dynamics diverge sharply by submarket.