1329 Pennsylvania Ave, Miami Beach FL 33139

About This Property

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.

Property Details

Property Type

Income/MultiFamily

Status

Active

MLS #

A11888408

Building Area

5,760 SF

Lot Size

7,500 SF

Year Built

1936

Zoning

3900

Days on Market

259

Price

$3,200,000