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1060 Pennsylvania Ave Unit 4, Miami Beach, Florida 33139

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Active For Sale
$159,000
  • Beds 0
  • Baths 1
  • Sq Ft 380 Sqft
  • Visits: 7 in 102 days

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

Features

  • Heating System: Wall Furnace
  • Cooling System: Wall/window Unit(s)
  • Pet Policy: No, Pet Restrictions
  • Security: Other
  • Parking: On Street
  • Furnished: Furnished

Appliances

  • Appliances: Gas Range

Address Map

  • Country: US
  • State: FL
  • County: Miami-Dade
  • City: Miami Beach
  • Subdivision: PENN ELEVEN CO-OP
  • Zipcode: 33139
  • Street: Pennsylvania Ave
  • Street Number: 1060
  • Floor Number: 0
  • Longitude: W81° 51' 56.4''
  • Latitude: N25° 46' 54.2''
  • UnitNumber: 4
  • MLS Area: 42

MLS Addon

  • Architectural Style: Garden Apartment
  • Association Amenities: No
  • Association Fee: $5,783
  • Association Fee Frequency: Annually
  • Association Fee Includes: Sewer, Maintenance Grounds, Laundry
  • Close Price: $0
  • Exterior Features: Courtyard
  • Flooring: Laminate
  • Insurance Expense: $0
  • Interior Features: Bedroom On Main Level, First Floor Entry, Closet Cabinetry
  • Listing Terms: Cash
  • New Taxes Expense: $0
  • Stories Total: 2
  • Tax Annual Amount: $1,114
  • Tax Year: 2024

Location

Listing Updated: 2025-10-16 16:07:23

  • Parent : 1060::Pennsylvania Ave:33139:Miami Beach
  • Property Type : Condominium
  • Property Sub Type : Condominium
  • Listing Type : For Sale
  • Listing ID : A11839216
  • Price : $159,000
  • View : Garden
  • Bedrooms : 0
  • Bathrooms : 1
  • Full Bathrooms : 1
  • Half Bathrooms : 0
  • Square Footage : 380 Sqft
  • Year Built : 1962
  • Lot Area : 0 Acre
  • Listing Status : Active
  • Days On Market : 102
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