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828 Pennsylvania Ave
Miami Beach, FL 33139 Flamingo

$3,200,000 USD

Apartments For Sale • 6,607 SF

Property Details

Property Type Apartments
Total Building Size 6,607 SF
Lot Size 0.16 AC
Building Class C
Year Built 1928
Zoning 3900

50 Transit Score

96 Walk Score

                
                    Highlights
                
                                Prime Location: 12-unit boutique Art Deco property in the Flamingo Submarket, just two blocks from the beach and fully leased.
                            
                                Updated & Well-Maintained: Partial renovations completed in 2024 with upgraded units, on-site laundry, and a new roof in 2025.
                            
                                Value-Add Upside: Current 4.4% cap with pro forma potential of 6.6% through rent growth and continued unit upgrades.

Property Flyers

828 Penn Flyer

Public Transportation

Commuter Rail	Drive	Walk	Distance
	11 min	-	5.1 mi
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover))	12 min	-	5.1 mi
Airport	Drive	Walk	Distance
Miami International	30 min	-	15.3 mi
Fort Lauderdale/Hollywood International	41 min	-	27.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Covered
Included in Rent:	Yes

Albert Simon 571-501-0827 Levarra Group at LoKation Real Estate

828 Pennsylvania Ave Miami Beach, FL 33139 Flamingo