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Pinnacle Real Estate Group – FL

1345 Pennsylvania Avenue, Miami Beach, FL 33139 (MLS# A12013211)

1345 Pennsylvania Avenue, Miami Beach, FL 33139

$4,700,000
Property Type: Commercial Sale Square Footage: 8,219 Status: Active
Current Price: $4,700,000 List Date: 5/05/2026 Last Modified: 9/09/2026

Overview

Description

Prime Multifamily asset in the heart of Miami Beach. Three-story building with 19 fully furnished residential units:12 one-bedroom/one-bath units and 7 studios. All units are leased long-term with strong, stable occupancy. Located steps from the beach, Lincoln Road, Ocean Drive, and top dining and retail. Shared laundry room on-site. Ideal for investors seeking consistent cash flow and long-term value in a high-demand rental market. Turnkey opportunity in one of South Florida’s most desirable locations.The property selling AS IS. . Require proof of funds. PLEASE MUST USE SHOWING TIME. DO NOT TEXT REALTOR.

Listing Details MLS# A12013211

General Property Information

Number Of Buildings
Yes
Property Sub Type
Multi Family
Price Per Unit
247368
Occupant Type
Tenant
Building Area Main
8219
Year Built
1924
Parking Total
4
Lot Size Area
7500
Lot Size Acres
0.17
Stories Total
3

Property Features

Building Features: Exterior Lighting; Fenced Area; Inside Corridors; Janitorial Service; Laundry Facilities; Private Restroom(s) Business Type: Other Documents Available: Copy Of Lease(s); Equipment Inventory; Rent Rolls Electric: 110 Volts; 220 Volts Flooring: Tile; Vinyl Heating: Window/Wall Parking Features: Common; Free; On Street Possession: Close Of Escrow; Negotiable Property Condition: Resale Sale Includes: Building; Fixtures; Furniture; Land; Leases Source Of Expenses: Owner Provided Tenant Pays: Electricity; Interior Electric; Interior Maintenance; Maintenance Construction Materials: Block Cooling: Wall/Window Unit(s) Listing Terms: 1031 Exchange; Cash; Conventional; Cryptocurrency Lot Features: Landscaped Road Frontage Type: City Street Traffic Type: Pedestrian; Heavy Roof: Other Security Features: Security Fence; Security System; Smoke Detector(s) Sewer: Public Sewer Water Source: Public Showing Requirements: Appointment Only; Showing Service

Contract Information

Comp Sale YN
No
Original List Price
4700000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
1345
Street Name
Pennsylvania
Street Suffix
Avenue
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Code +4
4004
Area
2320
Parcel Number
0242030090720
Subdivision Number
9
Zoning
3900
Flood Zone
AE
Property Description
Residential Multi Family

Financial Information

Tax Legal Description
OCEAN BEACH ADDN NO 3 PB 2-81 LOT 14 BLK 39 LOT SIZE 50.000 X 150 OR 15566-564 0692 1 PROBATE 21471-1475 10 2002 3 COC 25983-1919 10 2007 6

Status Change Information

Major Change Timestamp
2026-05-05T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-05-05

More Information

Building and Property Details

# Of Tenants
19
# Of Toilets
19
% Air Conditioned
100
Door Height
0-8'

Meter Information

Number Of Meters Total
20

Price Calculations

Current Price To SqFt
571.84

Section Details

Parcel Number MLX
0720

Originating Details

Originating System Key
462253033
Originating System ID
M00000151
IDX
Listing Office: Xfera Realty Group, LLC.
Last Updated: September - 09 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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