Condominium for sale in 1231 PENN INC CONDO
Details
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.Property is tenant occupied; same-day showing requests may be subject to delays and confirmation 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.
Features
Property Features
- Cooling: Ceiling Fan(s),Electric,Wall/Window Unit(s)
- Heating: Other
- Flooring: Marble
- Appliances: Gas Range,Gas Water Heater,Refrigerator
- Livingroom Features: Den/Library/Office
Additional Features
- Amenities: Exterior Lighting
- View: Other View
- Parking: 1 Space
- Pets: Restrictions Or Possible Restrictions
- Interior Features: Interior Hall,Second Floor Entry,Closet Cabinetry,Laundry Tub,Den/Library/Office
Fees, Maintenance & Taxes
- Tax Annual Amount: $0
- Association Fee: $0
- Association Fee Frequency: Monthly
School Information
- County: Miami-Dade County
- Elementary School: Flamingo
- Middle School: Nautilus
- High School: Miami Beach