Overview
Description
Turnkey 2-bedroom, 1-bath condo in the heart of Miami Beach — ideal for savvy investors. Currently rented at $2,700/month through March 2027, offering immediate and stable cash flow from day one. Features include a bright, open layout with modern finishes, full appliance package, one assigned parking space, and an open balcony/patio.
The building has passed its 40-year certification, with a new roof installed last year and exterior repainting currently in progress, enhancing both curb appeal and long-term value. With 365 lease days allowed per year, this is a streamlined addition to any South Florida investment portfolio. Minutes from the beach, dining, shopping, and entertainment.
Cash only.
Virtual Tour
Address
- Street1228 Pennsylvania Ave #7
- CityMiami Beach
- SubdivisionPENN CONDO
- CountyMiami-Dade County
- StateFL
- Zip33139
- MLS #A11989126
Interior
- Bedrooms Total2
- Entry Level1
- FlooringVinyl
- FurnishedUnfurnished
- HeatingCentral, Electric
- HeatingYes
- Interior FeaturesFirst Floor Entry
- Living Area700
- Living Area UnitsSquare Feet
- Rooms Total0
- Security FeaturesOther
Exterior
- Exterior FeaturesOther, Open Balcony
- FencingFenced
- Garage Spaces1
- GarageYes
- Lot Size Square Feet0
- Lot Size UnitsSquare Feet
- Parking FeaturesAssigned
- Patio And Porch FeaturesOpen Balcony, Patio
- ViewOther View
- ViewYes
Structure
- Property AttachedYes
- Stories Total2
- Structure TypeCondo 1-4 Stories, Condo
- Year Built1961
- Year Built DetailsResale
Financial
- Other Expense0
- Parcel Number02-42-03-175-0070
- Pets AllowedNo
- Public Survey Range42
- Public Survey Section3
- Public Survey Township42
- Tax Annual Amount3,512
- Tax Legal DescriptionPENN CONDO UNIT 7 UNDIV 10.31278 % INT IN COMMON ELEMENTS OFF REC 15968-0494 OR 18660-967 0699 1 COC 24311-3117 01 2006 1
- Tax Year2025
Schools
- High SchoolMiami Beach
- Middle Or Junior SchoolNautilus
Location
- MLS Area MajorPenn Condo
- Postal Code33139
- Postal Code Plus44445
- Street NamePennsylvania Ave
- Street Number1228
- Street Number Numeric1,228
- Subdivision NamePENN CONDO
- Unit Number7
- Unparsed Address1228 Pennsylvania Ave # 7, Miami Beach FL 33139
Features & Amenities
Mortgage Calculator
- Principal & interest
- Property tax
- Home insurance
- PMI
- HOA dues
Estimates only and not a loan offer. Taxes, insurance and rates vary — confirm with a lender.
Meet your agent
Claudia Caporossi
Listing Agent · AFS Living
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