1228 Pennsylvania Avenue 7, Miami Beach, FL 33139

$330,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11989126

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 700 Status: Active

Current Price: $330,000 List Date: 3/25/2026 Last Modified: 6/30/2026

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.

Listing Details MLS# A11989126

General Property Information

Unit Floor #: Yes
Property Sub Type: Condominium
Bedrooms Total: 2
Bathrooms Total: Yes
Bathrooms Full: Yes
Living Area Main: 700
Year Built: 1961
Garage YN: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 2
Furnished: Unfurnished

Property Features

Application Information: Association Approval Required Association Fee Includes: Sewer; Trash; Water Flooring: Vinyl Leasing Permitted Details: Okay To Lease Parking Features: Assigned Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Refrigerator; Washer Architectural Style: Other Construction Materials: CBS Cooling: Central Air; Electric Association Type: Condominium Fencing: Fenced Heating: Central; Electric Listing Terms: Cash Pets Allowed YN: No Possession: Close Of Escrow Security Features: Other Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions View: Other Showing Requirements: Call Listing Agent Outdoor Living Spaces: Balcony; Patio Balcony Details: Balcony - Open

Contract Information

Comp Sale YN: No
Original List Price: 330000
Occupant Type: Call Listing Agent

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1228
Street Name: Pennsylvania
Street Suffix: Avenue
Unit Number: 7
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Code +4: 4445
Postal Zip: 33139
Subdivision Name: PENN CONDO
Area: 2320
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
Special Assessment YN: No
Parcel Number: 0242031750070
Subdivision Number: 175
Flood Zone: AE

Financial Information

Association YN: Yes
Association Fee: 560
Association Fee Frequency: Monthly
Application Required YN: Yes
Membership Fee Required YN: No
Tax Annual Amount: 3512
Tax Year: 2025
Tax Legal Description: PENN 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

Status Change Information

Major Change Timestamp: 2026-03-25T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-03-25

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Entry Information

Entry Level: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes

Leasing Restrictions

Leasing - Max Times Per Year: Yes
Leasing - Minimum Number of Days: 365

Price Calculations

Current Price To SqFt: 471.42

Section Details

Parcel Number MLX: 0070

Originating Details

Originating System Key: 445686670
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

Association Approval Required: Yes

Amenities

Laundry: Yes

Association Fee Includes

Sewer: Yes
Trash: Yes
Water: Yes

Flooring

Vinyl: Yes

Parking Features

Assigned: Yes

Property Condition

Resale: Yes

Fencing

Fenced: Yes

Possession

Close Of Escrow: Yes

Special Information

Sold As-Is: Yes

View

Other: Yes

Heating

Central: Yes
Electric: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes

Security Features

Other: Yes

Architectural Style

Other: Yes

Cooling

Central Air: Yes
Electric: Yes

Association Type

Condominium: Yes

Showing Requirements

Call Listing Agent: Yes

Master Bedroom/Bath

Master Bdrm - Ground: Yes

Pets Allowed YN

No: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Outdoor Living Spaces

Balcony: Yes
Patio: Yes

Balcony Details

Balcony - Open: Yes

Listing Office: AFS Living

Last Updated: June - 30 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

1228 Pennsylvania Avenue 7, Miami Beach, FL 33139 (MLS# A11989126)