1231 Pennsylvania Ave # 9, Miami Beach, FL 33139

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 confirmation Same 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.

Property Details

Bathrooms Full

1

Bathrooms Half

0

Interior Features

Interior Hall, Second Floor Entry, Closet Cabinetry, Laundry Tub, Den/Library/Office

Appliances

Gas Range, Gas Water Heater, Refrigerator

Flooring

Marble

Heating

Other

Cooling

Ceiling Fan(s), Electric, Wall/Window Unit(s)

Garage Spaces

1

Parking Features

1 Space

Building & Association

Building Name

1231 Penn Condo

Stories Total

2

Entry Level

2

Association

Yes

Association Fee

$564

Association Fee Frequency

Monthly

Association Amenities

Exterior Lighting

Pets Allowed

Restrictions Or Possible Restrictions

Security Features

No Security

Lot & Construction

Lot Size Square Feet

0

Waterfront

No

View

Other View

Construction Materials

Concrete Block Construction

New Construction

No

Public Records

Parcel Number

02-42-03-024-0090

Tax Annual Amount

$3,238

Tax Year

2,025

County Or Parish

Miami-Dade County

Location