Condo for Sale
$199,750
0 bd · 1 ba · 423 sqft
Miami Beach, FL 33139 · MLS# A12022372 · Active · 1231 Penn Condo
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 confirmation Same 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.
School assignments are provided by the listing and should be independently verified.
Estimate only — actual rates, taxes and insurance vary. Not a loan offer or financial advice. Financing through Matthew Gromadzki, NMLS #2560919 · Innovative Mortgage Services, Inc., NMLS #250769.
1231 Pennsylvania Ave # 9, Miami Beach, FL 33139 · See all Miami Beach condos for sale
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1231 Pennsylvania Ave # 9 is a condo for sale in Miami Beach, FL 33139. This property was listed for sale on May 20, 2026 by The Keyes Company, it's currently listed at $199,000. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Flamingo, Nautilus and Miami Beach. 1231 Pennsylvania Ave # 9 is a 0-bed, 1-bath, 446 sqft condo built in 1965.