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29
$3,200,000 Sale
Listed 21 hours ago
1329 Pennsylvania Ave
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Key Facts
Key facts for 1329 Pennsylvania Ave
Property Type
Apartment, Unspecified
Parking
-
MLS #
A11888408
Size
-
Basement
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Listed on
-
Lot size
-
Tax
$31,114 /yr
Days on Market
-
Year Built
1936
Maintenance Fee
-
Description
1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach's signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed/1-bath layouts. The building also has common laund...ry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ?— well below market. With renovations, rents can be repositioned to $2,300 - $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential.
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Listing courtesy of: BHHS EWM Realty