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901 Pennsylvania Ave, Miami Beach, FL, 33139

--beds
--baths
--sqft
$3,499,000
--price/sqft
$23,322/moest. monthly cost
$932,880/yrincome needed

About This Home

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.

Getting Around

97
WalkingWalker's Paradise
50
TransitGood Transit
78
BikeVery Bikeable

Schools

5/10
4/10
5/10
Nautilus Middle SchoolGrades 6-82.4 mi

Construction

Condition

  • Year built: 1948

Materials

  • Roof: Composition Roll
  • Construction materials: Concrete Block Construction

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex

Interior

Features

  • Stairs
  • Flooring: Concrete,Tile

Heating & Cooling

  • Heating features: Central,Window/Wall
  • Cooling features: Central Air,Wall/Window Unit(s)

Property

Details

  • Parcel number: 0242030090220
  • Zoning: RO

Features

  • Stories: 2

Lot

  • Features: Less Than 1/4 Acre Lot