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About This Property
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.
Property Features
County
Miami-Dade County
Section
3
Area
446
Subdivision
1231 PENN INC CONDO
Interior
Interior Hall, Second Floor Entry, Closet Cabinetry, Laundry Tub, Den/Library/Office
Cooling
Ceiling Fan(s), Electric, Wall/Window Unit(s)
Bedrooms
0
Floors
Marble
Full Baths
1
Appliances
Gas Range, Gas Water Heater, Refrigerator
Heating
Other
Style
Garage Spaces
1
Construction/Exterior
Concrete Block Construction
Patio / Deck Description
Exterior
Has a Pool
Possession
Rental Agreement
Lot Size in Acres
Water
Sewer
Lot Size in Sq. Ft.
0
Has Waterfront
No
Parking Description
1 Space
View
Other View
Has Garage
Yes
Roof/Attic
Senior Community
No
Other Utilities
Property Type
Residential
Pets
Restrictions Or Possible Restrictions
Property SubType 2
Condominium
Tax Year
2025
Year Built
1965
Tax Amount
$3238
APN
NA
Square Feet Source
NA
Map
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