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1060 Pennsylvania Ave # 4, Miami Beach FL 33139

Condo/Co-op For Sale
$159,000

BTC: 5.30000000

ETH: 79.50000000

-$16K (2025/10/07)
145 days
1 ba
380 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

INVESTORS!!! Make at least 10% annual ROI with this cash cow rented at $1,700/month until Dec 2025. Prime South Beach location – updated and fully furnished studio. Building has passed 40-year recertification and owns the land outright. This co-op has invested ~$700K in capital improvements completed in the last 5 years (electrical, structural, roof). No special assessments. Low HOA paid yearly. Well-managed, extremely quiet, and safe building. Unit features two entrances, including a private street entrance. Steady rental income. Cash-only purchase. NO SHORT TERM RENTALS ALLOWED. Rent minimum twice per year. Contact listing agent @oberdel (Ober Delgado) for a showing

Location

Facts and features

Type:
Residential
Parking:
On Street
Year Built:
1962
Lot:
No Data
Heating:
Window/Wall
Price/sqft:
$418
Cooling:
Wall/Window Unit(s)
HOA:
$5,783
All facts and features
  • Heating

    • Window/Wall

    Cooling

    • Wall/Window Unit(s)

    Appliances

    • Gas Range

    Other interior features

    • First Floor Entry

    • Closet Cabinetry

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • On Street

    Property

    • Exterior Features: Courtyard

    Other Property Information

    • Parcel Number: 02-42-03-084-0040

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $5,783

    • HOA Frequency: Annually

    • Annual tax amount: $1,114

  • Source details

    • MLS ID: A11839216

    Other facts

    • Construction Materials: CBS Construction

    • Laundry Features: Common Area

    • Architectural Style: Garden Apartment

    • Living Area: 380

    • Subdivision Name: PENN ELEVEN CO-OP

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: United Realty Group Inc