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Commercial For Sale
828 Pennsylvania Ave
Miami Beach, Florida 33139
Miami-Dade CountyCommunity:
$3,200,000
0 br, 0.0 bath
0 sq. ft.
0.160 acres
Attractive multifamily 12-unit boutique property in the heart of the popular and highly desirable Flamingo Submarket of South Beach. Located two blocks away from the beach, the property is well-maintained and fully-leased. Brand new roof put on in 2025. Constructed in 1928 and partially renovated in 2024, the property has a rentable square footage of 5,862 and is situated on 0.16 acres of land, consisting of a unit mix of three studio and nine one-bedroom apartments with upgraded units featuring renovated bathrooms and kitchens with stainless steel appliances.
Cap Rate 4.5%, 2025 Effective Gross Income: $241,000, 2025 Net Operating Income: $140,700
Pro Forma Cap Rate: 6.6%, Pro Forma EGI: $317,000, Pro Forma NOI: $211,000
Interior:
- Bedrooms: 0
- Baths: 0.0
- Sq Ft: 0
- Year Built: 1928
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC:
- Garage:
Exterior:
- Lot Size: 0.160 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding:
- Roof:
- Property Taxes: $39,072
- MLS #: F10546676
Contact Information:
Listing Agent: Albert Simon, LoKation Real Estate, 954-545-5583, 954-545-5583
Listing Site, Listing Status: Active
Copyright © 2025 BeachesMLS / Matrix. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2025 BeachesMLS / Matrix. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7217232
Viewed 5 times.
Updated: Feb 05, 2026
