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John Reaves

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$ 262,000

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Price Dropped by $3K

1027 Pennsylvania Ave #101 Miami Beach, FL 33139

1 Bed

1 Bath

580 SqFt

UPDATED:

03/07/2025 06:23 PM

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 580 sqft

Price per Sqft $451

Subdivision Penn Plaza Condo

MLS Listing ID A11643933

Bedrooms 1

Full Baths 1

Construction Status Resale

HOA Fees $466/mo

HOA Y/N Yes

Year Built 1925

Annual Tax Amount $3,408

Tax Year 2024

Property Sub-Type Condominium

Property Description

?? INVESTOR ALERT – TURNKEY INCOME PROPERTY! ?? Immediate cash flow from day one with a tenant already in place paying $2,000/month—no vacancies, no hassle! This South Beach 1-bedroom condo offers a prime investment opportunity with a long-term lease secured until 1/31/2026, ensuring stable rental income. Located just blocks from the ocean in a high-demand rental market, this bright and airy unit features an open floor plan, a large walk-in closet, stainless-steel appliances, and ample cooking space. With a tenant in place for over a year, this property is a proven income generator. Don't miss out on this rare chance to own a profitable, hands-off rental in one of Miami's hottest locations!

Location

State FL

County Miami-dade

Community Penn Plaza Condo

Area 42

Interior

Interior Features Bedroom on Main Level, First Floor Entry

Heating Central

Cooling Central Air

Flooring Vinyl

Appliance Dishwasher, Electric Range, Microwave, Refrigerator, Trash Compactor

Laundry Common Area

Exterior

Exterior Feature Fence

Amenities Available Laundry

View Other

Garage No

Private Pool Yes

Building

Structure Type Block

Construction Status Resale

Others

Pets Allowed Conditional, Yes

HOA Fee Include Insurance,Laundry,Maintenance Structure

Senior Community No

Tax ID 02-42-03-246-0010

Ownership Sole Proprietor

Security Features Complex Fenced,Key Card Entry

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Pets Allowed Conditional, Yes

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11643933

Listed by United Realty Group Inc

John Reaves

+1(305) 804-0452

John Reaves

1027 Pennsylvania Ave #101 Miami Beach, FL 33139

Key Details

Location

Interior

Exterior

Building

Others

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1027 Pennsylvania Ave #101