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Alex Mendel

alex@mendelgroupfl.com +1(561) 827-8449

$ 3,450,000

Est. payment -/mo

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Price Dropped by $49K

901 Pennsylvania Ave Miami Beach, FL 33139

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision South Beach

MLS Listing ID A11998939

Style Fourplex

HOA Y/N No

Year Built 1948

Annual Tax Amount $59,664

Tax Year 2025

Property Sub-Type Quadruplex

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

Community South Beach

Area 32

Interior

Heating Central, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Concrete, Tile

Exterior

Pool None

Utilities Available Cable Available

Roof Type Composition

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Others

Tax ID 02-42-03-009-0220

Acceptable Financing Conventional

Listing Terms Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11998939

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Compass Florida, LLC

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Alex Mendel

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+1(561) 827-8449

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Alex Mendel

901 Pennsylvania Ave Miami Beach, FL 33139

Key Details

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Exterior

Building

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901 Pennsylvania Ave