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About This Home
This 0-bedroom, 0-bathroom commercial at 1329 Pennsylvania Ave in Miami Beach, FL is listed for $3,200,000. Built in 1936, on a 0.17 acres lot.
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.
Key Features
- Built in 1936
- 0.17 acre lot
Property Details
Monthly Cost Estimate
$17,114/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1329 Pennsylvania Ave
Miami Beach, FL 33139
Property Details
Construction
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1329 Pennsylvania Ave is listed at $3,200,000. The estimated monthly payment is $13,867 based on 20% down at 6.5% interest.
Key features include: Built in 1936, 0.17 acre lot.
This property is listed by Ben Brissi and can be reached at 5618702211 or ben@brissigroup.com.
