1231 Penn Inc Unit 9 For Sale
Property Details
| Asking Price | $199,000 |
|---|---|
| Price per SqFt | $446 |
| Maintenance Fee | $564 Monthly |
| Property Taxes | $3,238 2025 |
| Interior Space | 446 SqFt |
| Beds/Baths | 0/1 |
| Year Built | 1965 |
| MLS # | A12022372 |
Location
From the listing
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.Property is tenant occupied; same-day showing requests may be subject to delays and confirmation 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.
Listed by The Keyes Company
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $564 a month; taxes $3,238 for 2025. MLS figures, which may not be accurate.
Sales History for This Home · 1231 Penn Inc Unit 9
Sales history is unavailable for this property
Listed by The Keyes Company. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.
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1231 Pennsylvania Ave 9, Miami Beach · MLS A12022372 · $199,000
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.