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1231 Pennsylvania Ave , #9

Miami Beach, FL 33139
  • $199,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: A12022372
$199,000
  • 0
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 446
    SQFT
  • $446
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1965
County:

School Information

Elementary School:
Middle School:
High School:

Description

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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Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2026-06-06T23:50:43.713.
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1231 Pennsylvania Ave , #9 Miami Beach, FL 33139

  • Price: $199,000
  • Status: Active
  • On Site: 17 Days
  • MLS #: A12022372
0
Beds
1
Baths
0
½ Baths
N/A
Acres
446
SQFT
$446
$/SQFT
1965
Built
Neighborhood:
1231 PENN INC CONDO
County:
Miami-Dade
Area:
1231 Penn Inc Condo
Elementary School:
Flamingo
Middle School:
Nautilus
High School:
Miami Beach
Property Description
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.
Exterior Features

Construction Materials Concrete Block Construction Covered Spaces 1 Garage YN Yes Parking Features 1 Space Pool Private YN No View Other View View YN Yes Waterfront YN No

Interior Features

Adjusted Square Footage 446 Appliances Gas Water HeaterGas RangeRefrigerator Building Area Total 446 Cooling Ceiling Fan(s)ElectricWall/Window Unit(s) Entry Level 2 Flooring Marble Heating Other Heating YN Yes Interior Features Interior HallSecond Floor EntryCloset CabinetryLaundry TubDen/Library/Office Laundry Features Laundry Tub Master Bathroom Features Combination Tub & Shower Other Equipment Natural Gas Room Bedroom Features At Least 1 Bedroom Ground LevelSitting Area - Primary Bedroom Room Dining Room Features Dining/Living RoomL Shaped Dining

Property Features

Association Amenities Exterior Lighting Association Fee 564 Association Fee Frequency Monthly Association YN Yes Building Name 1231 Penn Condo Cooling YN Yes Horse YN No Listing Terms All CashConventional Maintenance Includes SewerTrash RemovalWater Membership Purch Rqd YN No New Construction YN No Pets Allowed Restrictions Or Possible Restrictions Property Sub Type Condominium Public Survey Section 3 Restrictions Okay To Lease 1st Year Security Features No Security Structure Type Condo 5+ StoriesCondo Tax Annual Amount 3238 Tax Year 2025 Type Of Association Condo Year Built Details Effective Year Built

Listing courtesy of The Keyes Company: 786-389-9414 .


Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2026-06-06T23:50:43.713.
 
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