1231 Pennsylvania Avenue 9, Miami Beach, FL 33139

$199,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12022372

Property Type: Residential Baths: 1 Square Footage: 446 Status: Active

Current Price: $199,000 List Date: 5/20/2026 Last Modified: 6/18/2026

Overview

Description

Rare opportunity in the heart of South Beach! Bright and spacious studio with den, assigned parking, in-unit washer & dryer, and a full kitchen — a major advantage compared to many South Beach studios with only kitchenettes. Functional layout with flexible den space ideal for a home office or guest area. Just blocks from Lincoln Road, Española Way, Flamingo Park, and only minutes from the beach. Enjoy being surrounded by top restaurants, cafés, shopping, nightlife, and everything that makes Miami Beach living unique. Excellent investor opportunity with tenant in place through January 2027 paying $1,800/month, providing immediate rental income and an estimated 5.83% ROI. Aprox.Property is tenant occupied; same-day showing requests may be subject to delays and confirmationSame owner also offers Unit #8, a 1-bedroom + den residence featuring assigned parking and in-unit washer & dryer. Excellent opportunity for investors seeking multiple units in the same South Beach building.

Listing Details MLS# A12022372

General Property Information

Total Units In Building: 12
Unit Floor #: 2
Property Sub Type: Condominium
Bathrooms Total: Yes
Bathrooms Full: Yes
Building Area Main: 446
Living Area Main: 446
Adjusted Area Main: 446
Year Built: 1965
Garage YN: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Senior Community YN: No
Stories Total: 2

Property Features

Application Information: 3-4 Weeks Approval Association Fee Includes: Sewer; Trash; Water Dining Area: Dining/Living Room; L Shaped Dining Exterior Features: Lighting Flooring: Marble Leasing Permitted Details: Okay To Lease During First Year Appliances: Gas Range; Refrigerator Water Heater Details: Gas Water Heater Construction Materials: Block Cooling: Ceiling Fan(s); Electric; Wall/Window Unit(s) Association Type: Condominium Heating: Other Interior Features: Closet Cabinetry Laundry Features: Laundry Tub Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Subject To Tenant Rights Security Features: None Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions Unit Description: Interior Hallway View: Other Showing Requirements: Appointment Only; Call Listing Agent Room Types: Den

Contract Information

Comp Sale YN: No
Original List Price: 199000
Occupant Type: Tenant

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1231
Street Name: Pennsylvania
Street Suffix: Avenue
Unit Number: 9
City Name: Miami Beach
Municipal Code: 31
State Or Province: FL
Postal Code: 33139
Postal Code +4: 4438
Postal Zip: 33139
Subdivision Name: 1231 PENN INC CONDO
Area: 2320
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
Special Assessment YN: No
Parcel Number: 0242030240090
Subdivision Number: 24
Flood Zone: AE
Building Name: 1231

Financial Information

Association YN: Yes
Association Fee: 564
Association Fee Frequency: Monthly
Application Required YN: Yes
Membership Fee Required YN: No
Tax Annual Amount: 3238
Tax Year: 2025
Tax Legal Description: 1231 PENN INC CONDO APT 9 SECOND FLOOR UNDIV 6.4394 % INT IN COMMON ELEMENTS CLERKS FILE 64R-187107 OR 20469-1315 06 2002 4 COC 21438-2393 0

Status Change Information

Major Change Timestamp: 2026-05-20T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-05-20

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Entry Information

Entry Level: 2

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease During First Year: Yes

Parking Information

Open Parking Spaces: Yes

Leasing Restrictions

Leasing - Max Times Per Year: 2
Leasing - Minimum Number of Days: 180

Storm Protection

Impact Glass: Partial

Price Calculations

Current Price To SqFt: 446.18

Section Details

Parcel Number MLX: 0090

Originating Details

Originating System Key: 485242172
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

3-4 Weeks Approval: Yes

Association Fee Includes

Sewer: Yes
Trash: Yes
Water: Yes

Dining Area

Dining/Living Room: Yes
L Shaped Dining: Yes

Exterior Features

Lighting: Yes

Flooring

Marble: Yes

Possession

Subject To Tenant Rights: Yes

Special Information

Sold As-Is: Yes

View

Other: Yes

Heating

Other: Yes

Unit Description

Interior Hallway: Yes

Appliances

Gas Range: Yes
Refrigerator: Yes

Construction Materials

Block: Yes

Interior Features

Closet Cabinetry: Yes

Laundry Features

Laundry Tub: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Security Features

None: Yes

Water Heater Details

Gas Water Heater: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Wall/Window Unit(s): Yes

Association Type

Condominium: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Master Bedroom/Bath

Combo Tub/Shower: Yes
Master Bdrm - Ground: Yes
Master Bdrm - Sitting: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Pet Restrictions Possible: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Room Types

Den: Yes

Room Information

Room Name
Den

Listing Office: The Keyes Company

Last Updated: June - 18 - 2026

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1231 Pennsylvania Avenue 9, Miami Beach, FL 33139 (MLS# A12022372)