1329 Pennsylvania Ave Miami Beach, FL 33139
5,760 Sq. Ft. / 7,500 Sq. Ft., 7,500 sq. ft. lot size / Multi-Family
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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.
property details
Type
Multi-Family
Status
Active
County
Miami-Dade
Year Built
1936
Sq. Ft.
5,760
Lot Size
7,500 Sq. Ft., 0.2 acres
Listing Id
A11888408
Courtesy Of
Ben Brissi - BHHS EWM Realty [email protected]
List Office Phone
+1 (305) 674-4000
Interior Features
Living Area Units
Sq. Ft.
Exterior Features
Stories
2
Utility & Building Info
Below Grade Finished Area
0
Price Per Sq Meter
$0
Building Area Total
5,760 Sq. Ft.
Architectural Style
2 Story
Price History
| date | event | price | source |
|---|---|---|---|
|
10/02/2025
10/02/2025
|
Active |
$3,200,000
|
Miami/Jupiter-Tequesta-Hobe Sound MLS |
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Market Trends
Source: Constellation1
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