$3,495,000
$1M PRICE DROP

1200 Pennsylvania Ave Miami Beach, FL 33139

Flamingo Neighborhood

Estimated payment $22,070/month

Total Views 3,741
-- Bed
-- Bath
8,052 Sq Ft
$434 Price per Sq Ft

Highlights

  • Clear Impact Glass
  • Ceiling Fan
  • 5-minute walk to Flamingo Park
  • Cooling System Mounted To A Wall/Window
  • Heating Available

About This Home

The Edroy Apartments consists of 8,052 rentable square feet built on a 7,000 square foot lot.
The property was constructed in 1938 and contains a total of 13 units, consisting of two 2 bedroom/2- bathroom units; three 2 bedroom/1-bathroom units; five 1 bedroom/1-bathroom units; and three large studio units.
The property is priced at $3,249,000, which breaks down to $249,923 per unit and $403 a square foot.
The building has been recently recertified and all units updated with brand new bathrooms and kitchens. The exterior features new impact windows, new awnings, plaster & paint, new gates.

Listing Agent

Ugo Cortesano

Corte Real Estate Group LLC License #3358320 Listed on: 07/20/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $41,384

Year Built

  • Built in 1938

Home Design

  • Duplex
  • Concrete Block And Stucco Construction

Interior Spaces

  • 8,052 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Clear Impact Glass

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Rent includes gas, hot water, gardener, sewer, trash collection, water
  • Assessor Parcel Number 02-42-03-009-0930

Community Details

Overview

  • Property has a Home Owners Association
  • 13 Units
  • Ocean Beach Addn No 3 Condos
  • Ocean Beach Addn No 3 Subdivision, Multifamily Floorplan

Building Details

  • Operating Expense $101,805
  • Net Operating Income $209,594

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$41,384

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1938
  • Property Sub Type: Duplex
  • Architectural Style: Other
  • Horses: No
  • Master Model: Multifamily
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Subdivision Name: OCEAN BEACH ADDN NO 3
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Flooring: Other
  • Living Area: 8052
  • Stories: 2
  • Window Features: Clear Impact Glass, Impact Glass

Exterior Features

  • Roof: Other
  • Construction Type: CBS Construction
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: OCEAN BEACH ADDN NO 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Other

Lot Info

  • Parcel Number: 02-42-03-009-0930
  • Zoning: 3900
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gas, Hot Water, Gardener, Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 209594
  • Number Of Units Total: 13
  • Annual Operating Expense: 101805
  • Total Actual Rent: 25450

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 41384

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 Price Changed $3,495,000 +3.6% $434 / Sq Ft
03/08/2025 03/08/25 Price Changed $3,375,000 +3.9% $419 / Sq Ft
02/17/2025 02/17/25 Price Changed $3,249,000 -27.8% $404 / Sq Ft
01/30/2025 01/30/25 For Sale $4,500,000 0.0% $559 / Sq Ft
01/15/2025 01/15/25 Off Market $4,500,000 -- --
10/27/2024 10/27/24 For Sale $4,500,000 0.0% $559 / Sq Ft
10/01/2024 10/01/24 Off Market $4,500,000 -- --
07/29/2024 07/29/24 For Sale $4,500,000 0.0% $559 / Sq Ft
05/22/2015 05/22/15 Rented $1,800 +5.9% --
04/22/2015 04/22/15 Under Contract -- -- --
04/14/2015 04/14/15 For Rent $1,700 -27.7% --
02/17/2015 02/17/15 Rented $2,350 +2.2% --
02/17/2015 02/17/15 For Rent $2,300 -- --
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11631806

MIAMI REALTORS® MLS
Florida Miami/Dade County Miami Beach 33139 Flamingo

1200 Pennsylvania Ave, Miami Beach, FL

This home is located at 1200 Pennsylvania Ave, Miami Beach, FL 33139 and is currently priced at $3,495,000, approximately $434 per square foot. This property was built in 1938. 1200 Pennsylvania Ave is a home located in Miami-Dade County with nearby schools including Fienberg-Fisher K-8 Center, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Ugo Cortesano
Listing Agent
Ugo Cortesano
Section Image
Corte Real Estate Group LLC
(786) 942-3238