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$3,499,000
Est. payment /mo
7,266 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,266 sqft
Price per Sqft $481
MLS Listing ID A11956440
HOA Y/N No
Year Built 1948
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
Property Description
Introducing 901 PENN, a prime South Beach investment on a 7,500 SF corner lot at Pennsylvania Ave & 9th St. This mixed-use property features six (6) apartments & four (4) ground-floor retail/office units with Washington Ave visibility, ensuring strong tenant demand. A stabilized income-generating asset offering multiple investment strategies, including retail repositioning, owner-user occupancy, or redevelopment potential. Recent capital improvements—new roof (2023), exterior paint, AC units, & more. Positioned in a high-foot-traffic area, surrounded by hotels, restaurants, shopping, and nightlife, 901 PENN benefits from unbeatable exposure and walkability. With strong rental income and scheduled increases, this is a lucrative Miami investment in a world-class destination.
Location
State FL
County Miami-dade
Area 32
Interior
Heating Central, Electric
Cooling Central Air
Flooring Concrete, Tile
Exterior
Roof Type Composition
Private Pool Yes
Building
Story 2
Sewer Public Sewer
Level or Stories Two
Others
Tax ID 02-42-03-009-0220
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11956440
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Listed by Compass Florida, LLC