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1231 Penn Inc Condo, Apt 9 For Sale

1231 Pennsylvania Ave Apt 9, Miami Beach, FL 33139

Price: $199,000 | 446 s.f. | 0 Beds | 1 Baths

 

Property Information 1231 Penn Inc Condo #9

Listing Price: $199,000
Price per Square Foot: $446.19/s.f.
Beds: 0
Baths: 1
Interior Space: 446 s.f. (41.4 m²)
Total Size: 446 s.f. (41.4 m²)
Monthly Maintenance Fee: $564
Taxes (2025): $3,238
Reference: A12022372
 

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Description of 1231 Penn Inc Condo #9

Description of Unit

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. 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.

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The MLS data provided for the property above (MLS#A12022372) is provided courtesy of The Keyes Company. Source: Southeast Florida MLS. Data updated 5/21/2026. Information is deemed reliable but not guaranteed. Copyright © 2026. The listing data on this page comes in part from the Internet Data Exchange (IDX), a collaboration between the following REALTOR(R) associations in the South Florida Multiple Listing Service (MLS): Miami Realtor Association, Realtor Association of Greater Ft. Lauderdale and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is believed to be accurate, but is not warranted. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
 

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