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Home Florida Miami Condominiums Miami Beach 1231 Penn Inc Condo #9 in 1231 Penn Condo

Apartments 1231 Penn Inc Condo

$ 199,000
  • 0 bed
  • 1 bath
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Details
    • Listed on:
      May 20, 2026
    • Days on Market:
      -
    • Maintenance:
      n/a
    • Taxes:
      $ 3,238 per year
    • Year:
      1965
    • Furniture:
      -
    • Floor Description:
      Marble
    • Terms Considered:
      Cash, Conventional
    • View from Apartment:
      Other View
    • Parking:
      -
  • Interior Features:
    • Interior Hall
    • Second Floor Entry
    • Closet Cabinetry
    • Laundry Tub
    • Den/Library/Office
  • Legal Description:
    200 east palmetto park condo unit ph -1
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.
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.
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