Basic Information

  • MLS # A11839216
  • Type Condominiums
  • Status
  • Subdivision/Complex Penn Eleven Co-op
  • Year Built 1962
  • Total Sqft 380
  • Date Listed 07/12/2025
  • Days on Market 119
Description

INVESTORS!!! Make almost 13% annual ROI with this cash cow rented at $1,700 / month. Prime South Beach location – updated and fully furnished studio. Building has passed 40-year recertification and owns the land outright. ~$700K in capital improvements completed in the last 5 years (electrical, structural, roof). No special assessments. Low HOA paid yearly. Well-managed, extremely quiet, and safe building. Unit features two entrances, including a private street entrance. Tenant-occupied through December 2025 – steady rental income. Cash-only purchase. NO short term rentals. Rent minimum twice per year. Contact listing agent @oberdel (Ober Delgado) for a showing

Amenities

  • None

Exterior Features

  • Waterfront No
  • Pool No
  • Exterior Features Courtyard
  • Parking Spaces 0
  • Parking Description On Street

Interior Features

  • Adjusted Sqft 380
  • Interior Features Bedroom On Main Level, Closet Cabinetry, First Floor Entry
  • Sqft 380

Property Features

  • Aprox. Lot Size 380
  • Furnished Info Yes
  • Short Sale Regular Sale
  • HOA Fees $5,783
  • Subdivision Complex Penn Eleven Condominiums
  • Subdivision Info Penn Eleven Co-op
  • Tax Amount $1,114
  • Tax Year 2024

1060 Pennsylvania Ave #4

Miami Beach, FL 33139

Similar Properties For Sale

The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: United Realty Group Inc. tel: 954-450-2000

Real Estate IDX Powered by: TREMGROUP