Basic Information

  • MLS # A12022372
  • Type Condominiums
  • Subdivision/Complex 1231 Penn Inc Condo
  • Year Built 1965
  • Total Sqft 446
  • Date Listed 05/20/2026
  • Days on Market 21
Description

Rare opportunity in the heart of South Beach! Bright and spacious studio with den, assigned parking, in-unit washer & dryer, and a full kitchen — a major advantage compared to many South Beach studios with only kitchenettes. Functional layout with flexible den space ideal for a home office or guest area. Just blocks from Lincoln Road, Española Way, Flamingo Park, and only minutes from the beach. Enjoy being surrounded by top restaurants, cafés, shopping, nightlife, and everything that makes Miami Beach living unique. Excellent investor opportunity with tenant in place through January 2027 paying $1,800/month, providing immediate rental income and an estimated 5.83% ROI. Aprox. Same owner also offers Unit #8, a 1-bedroom + den residence featuring assigned parking and in-unit washer & dryer. Excellent opportunity for investors seeking multiple units in the same South Beach building.

Exterior Features

  • Waterfront No
  • Parking Spaces 1
  • Pool No
  • Parking Description One Space
  • Exterior Features Security High Impact Doors

Interior Features

  • Adjusted Sqft 446Sq.Ft
  • Interior Features Bedroom On Main Level, Closet Cabinetry, Dining Area, Second Floor Entry, Living Dining Room, Sitting Area In Primary, Tub Shower
  • Sqft 446 Sq.Ft

Property Features

  • Aprox. Lot Size 446
  • Furnished Info No
  • Short Sale Regular Sale
  • HOA Fees $564
  • Subdivision Complex 1231 Penn Condo
  • Subdivision Info 1231 Penn Inc Condo
  • Tax Amount $3,238
  • Tax Year 2025

1231 Pennsylvania Ave #9

Miami Beach, FL 33139

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