Property description of Income/MultiFamily

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 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.

Property Features