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… Read More 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. Read Less
Courtesy of BHHS EWM Realty 305-674-4000
Listing Snapshot
Days Online
256
Last Updated
Property Type
Multi Family
Square Ft.
5,760
Lot Size
0.17 Acres
Year Built
1936
MLS Number
A11888408
30 Days Snapshot Of 33139
$856k
-50%
(avg) sold price
20
+300%
homes sold
150
+3%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1936, Building features: "Exterior Lighting", "Laundry Facilities", Construction materials: "Stucco", Toal building area: 5760, 7 total units
Lot
0.17 acres
Property
Zoning: 3900
Roof
"Built-Up"
Taxes
Annual amount: $31,114
Tenant Pays
"Electricity", "Interior Electric"
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