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Cliff Melerine

cliff@melerinegroup.com +1(786) 554-6435

$ 259,000

Est. payment | -/mo

1 Bed

1 Bath

675 SqFt

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$ 259,000

Est. payment | -/mo

Save Virtual Tour

1 Bed

1 Bath

675 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 675 sqft

Price per Sqft $383

Subdivision 1231 Penn Inc Condo

MLS Listing ID A12027093

Style None

Bedrooms 1

Full Baths 1

HOA Fees $768/mo

HOA Y/N Yes

Min Days of Lease 180

Leases Per Year 2

Year Built 1965

Annual Tax Amount $3,712

Tax Year 2025

Property Sub-Type Condominium

Property Description

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.

Location

State FL

County Miami-dade

Community 1231 Penn Inc Condo

Area 42

Interior

Interior Features Second Floor Entry, Living/Dining Room

Heating Other

Cooling Electric

Flooring Hardwood, Wood

Appliance Gas Range, Microwave, Refrigerator

Exterior

Exterior Feature Balcony

Garage Spaces 1.0

Amenities Available None

View Y/N No

View None

Porch Balcony, Open

Garage Yes

Private Pool Yes

Building

Architectural Style None

Structure Type Block

Schools

Elementary Schools Feinberg-Fisher K8

Middle Schools Nautilus

High Schools Miami Beach

Others

Pets Allowed Yes

HOA Fee Include Parking,Sewer,Trash,Water

Senior Community No

Tax ID 02-42-03-024-0080

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Pets Allowed Yes

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12027093

Miami Association of Realtors (SEFMIAMI MLS)

Listed by The Keyes Company

1231 Pennsylvania Ave #8 Miami Beach, FL 33139

Cliff Melerine

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1231 Pennsylvania Ave #8