About This Home

This 0-bedroom, 1-bathroom condo at 1231 Pennsylvania Ave #9 in Miami Beach, FL is listed for $199,000 ($446 per sqft). Built in 1965, the home offers 446 sqft of living space on a N/A lot.

Key Features

  • Built in 1965
  • 2 stories

Property Details

2 stories
1 full
1-car garage
#9
1965

Amenities

A/C
Listing Description

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, Espanola Way, Flamingo Park, and only minutes from the beach. Enjoy being surrounded by top restaurants, cafes, 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.Property is tenant occupied; same-day showing requests may be subject to delays and confirmation 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.

Monthly Cost Estimate

$1,628/mo

20% down · 6.5% · 30 years

Principal$144
Interest$862
Insurance$58
HOA$564

Estimates only. Actual payments may vary.

Location

1231 Pennsylvania Ave #9

Miami Beach, FL 33139

1231 PENN INC CONDO

Features & Amenities

Interior Features

Bedroom on Main LevelCloset CabinetryDining AreaSecond Floor EntryLiving/Dining RoomSitting Area in PrimaryTub Shower

Exterior Features

Security/High Impact Doors

Property Details

Flooring

Marble

Construction

Block

Cooling

Window Unit(s)Wall/Window Unit(s)ElectricCeiling Fan(s)

Appliances

Some Gas AppliancesGas RangeGas Water HeaterRefrigerator

Questions & Answers

This 0-bedroom, 1-bathroom condo at 1231 Pennsylvania Ave is listed at $199,000 ($446/sqft). The estimated monthly payment is $1,628 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $564/month.

Key features include: Built in 1965, 2 stories. Interior Features: Bedroom on Main Level, Closet Cabinetry, Dining Area. Exterior Features: Security/High Impact Doors.

This property is listed by Soledad Mendoza-Puiggros.

SM

Soledad Mendoza-Puiggros

License 3324756

Agent at Keyes Company Realtors

Listed by Keyes Company Realtors · Broker phone: (305) 371-3592 · View on Broker Site · Broker website

MLS# A12022372· Source: Miami REALTORS®· 3 days on PropertySimple

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1231 Pennsylvania Ave #9, Miami Beach, FL 33139

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