1329 Pennsylvania Ave, Miami Beach, FL 33139
sale
$3,200,000
|
Single Family Attached
Courtesy Of BHHS EWM Realty
1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach's signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed/1-bath layouts. The building also has common laundry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ? well below market. With renovations, rents can be repositioned to $2,300 - $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential.
Read More About This Property
Read Less About This Property
Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Virtual Tour
Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 8
- Exterior Type: Stucco
- Legal Description: OCEAN BEACH NO 3 PB 2-81 LOT 12 BLK 39 LOT SIZE 50.000 X 150 OR 17313-2432 0896 1
- MLSID: A11888408
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$3,900,000
Other
764 E Washington Ave
Miami Beach, FL 33139
Land: 0.28 Acres
Courtesy Of Best of Luxury Realty
sale
$3,800,000
Single Family Attached
2822 Pine Tree Dr
Miami Beach, FL 33140
Courtesy Of Compass Florida LLC
sale
$3,750,000
Single Family Attached
2285 NE 172nd St
North Miami Beach, FL 33160
Courtesy Of Beachfront Realty, Inc
sale
$3,400,000
Single Family Attached
7435 Byron Ave
Miami Beach, FL 33141
Courtesy Of Beachfront Realty, Inc