Commercial Sale Active
1329 Pennsylvania Ave, Miami Beach FL 33139
  • $3,200,000

Overview

MLS ID: A11888408

Description

1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach’s signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed/1-bath layouts. The building also has common laundry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ?— well below market. With renovations, rents can be repositioned to $2,300 – $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential.

Details

Updated on January 31, 2026 at 5:21 am
  • MLS ID A11888408
  • Price $3,200,000
  • Year Built 1936
  • Property Type Income/MultiFamily
  • Property Status Commercial Sale

Additional details

  • MLS Status Active
  • Total Building Area 5760
  • Building Area Units Square Feet
  • Roof Built-Up
  • Number Of Buildings 1
  • Building Features Exterior Lighting, Laundry Facilities
  • Construction Materials Stucco
  • Stories 2
  • Lot Size Square Feet 7500
  • BusinessType Apartments, Residential-Multi-Family
  • Zoning 3900
  • Tax Annual Amount 31114
  • Tax Year 2024
  • Possession Funding
  • Days On Market 119

Address

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  • Address: Pennsylvania Ave
  • City: Miami Beach
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33139

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