$199,000
CondominiumActive1231 Pennsylvania Ave # 9, Miami Beach FL 33139
MLS #A12022372About This Property
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. 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.
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About Miami Beach
Miami Beach is a barrier island city defined by its Art Deco Historic District, oceanfront condos, and year-round tourist energy along Ocean Drive, Lincoln Road, and Collins Avenue. The neighborhood ranges from the party-forward South Beach to quieter mid-Beach and North Beach pockets, plus the Faena District's newer luxury development on 32nd-36th streets. The city draws international buyers and second-home owners who want walkable beach living with full urban amenities.
Property Details
Property Type
Condominium
Year Built
1965
Living Area
446 sq ft
Bedrooms
0
Bathrooms
1
Garage
1 Space
Pool
No
Waterfront
No
Cooling
Ceiling Fan(s), Electric, Wall/Window Unit(s)
Heating
Other
Flooring
Marble
Construction
Concrete Block Construction
HOA Fee
$564 / Monthly
Annual Taxes
$3,238 (2025)
Days on Market
17
MLS #
A12022372
Features & Amenities
Interior
Appliances
Other
Nearby Schools
Assigned public schools pulled from Miami-Dade County Public Schools’s official attendance-boundary data. Verify current boundaries with MDCPS before buying — zones can change year to year.
School data source: Miami-Dade County Open Data Hub
Similar Homes in Miami Beach
Location
City
Miami Beach
State
FL
ZIP Code
33139
County
Miami-Dade County
Listing provided by Soledad Mendoza-Puiggros at The Keyes Company. Data from Miami Association of REALTORS®. All information deemed reliable but not guaranteed. Listing #A12022372.