1027 Pennsylvania Ave Unit 101 Miami Beach, FL 33139
Flamingo NeighborhoodEstimated payment $2,201/month
Total Views
3,152
1
Bed
1
Bath
580
Sq Ft
$448
Price per Sq Ft
Highlights
- Main Floor Bedroom
- Card or Code Access
- Laundry Facilities
- Views
- Central Heating and Cooling System
- Fenced
About This Home
INVESTOR SPECIAL – CASH FLOW FROM DAY ONE! This is the income-producing asset you’ve been waiting for! Fully rented 1BD/1BA South Beach condo generating $2,000/month with a locked-in lease through January 2026. That’s ZERO vacancy risk and immediate, guaranteed returns. Located just steps from world-famous beaches in one of Miami’s highest-demand rental zones, this light-filled unit features an open layout, stainless steel appliances, walk-in closet, and generous kitchen space—perfect for long-term tenant appeal. With a strong rental history and reliable tenant in place, this is a turnkey investment, no management headaches, and solid ROI. Secure a profitable asset in one of the most iconic markets in the U.S. – South Beach!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,408
Year Built
- Built in 1925
HOA Fees
- $466 Monthly HOA Fees
Interior Spaces
- 580 Sq Ft Home
- 3-Story Property
- Vinyl Flooring
- Property Views
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Trash Compactor
Bedrooms and Bathrooms
- 1 Bedroom
- Main Floor Bedroom
- 1 Full Bathroom
Parking
- On-Street Parking
- Open Parking
Additional Features
- Fenced
- East of U.S. Route 1
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 02-42-03-246-0010
Community Details
Overview
- Low-Rise Condominium
- Penn Plaza Condominiums
- Penn Plaza Condo Subdivision
Amenities
- Laundry Facilities
Pet Policy
- Breed Restrictions
Security
- Card or Code Access
- Complex Is Fenced
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,408 | $177,930 | -- | -- |
| 2023 | $3,408 | $161,755 | $0 | $0 |
| 2022 | $4,024 | $214,182 | $0 | $0 |
| 2021 | $2,832 | $146,700 | $0 | $0 |
| 2020 | $3,156 | $163,000 | $0 | $0 |
| 2019 | $2,984 | $154,000 | $0 | $0 |
| 2018 | $3,113 | $165,530 | $0 | $0 |
| 2017 | $3,152 | $165,530 | $0 | $0 |
| 2016 | $3,215 | $165,530 | $0 | $0 |
| 2015 | $3,111 | $151,734 | $0 | $0 |
| 2014 | $2,803 | $137,940 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/08/2025 04/08/25 | Price Changed | $260,000 | -0.8% | $448 / Sq Ft |
| 03/07/2025 03/07/25 | Price Changed | $262,000 | -1.1% | $452 / Sq Ft |
| 09/02/2024 09/02/24 | For Sale | $265,000 | 0.0% | $457 / Sq Ft |
| 02/01/2024 02/01/24 | Rented | $2,000 | -4.8% | -- |
| 01/03/2024 01/03/24 | For Rent | $2,100 | 0.0% | -- |
| 04/27/2021 04/27/21 | Sold | $173,000 | -3.4% | $298 / Sq Ft |
| 03/24/2021 03/24/21 | Pending | -- | -- | -- |
| 02/22/2021 02/22/21 | Price Changed | $179,000 | -3.2% | $309 / Sq Ft |
| 12/14/2020 12/14/20 | Price Changed | $185,000 | -5.1% | $319 / Sq Ft |
| 11/23/2020 11/23/20 | For Sale | $195,000 | 0.0% | $336 / Sq Ft |
| 08/02/2017 08/02/17 | Under Contract | -- | -- | -- |
| 08/01/2017 08/01/17 | Rented | $1,250 | -5.7% | -- |
| 07/14/2017 07/14/17 | Price Changed | $1,325 | -5.4% | $2 / Sq Ft |
| 06/12/2017 06/12/17 | For Rent | $1,400 | +0.1% | -- |
| 02/01/2017 02/01/17 | Rented | $1,399 | 0.0% | -- |
| 01/03/2017 01/03/17 | Price Changed | $1,399 | -1.8% | $2 / Sq Ft |
| 12/14/2016 12/14/16 | Price Changed | $1,425 | -3.4% | $2 / Sq Ft |
| 11/01/2016 11/01/16 | For Rent | $1,475 | 0.0% | -- |
| 07/22/2014 07/22/14 | Rented | $1,475 | -10.6% | -- |
| 06/22/2014 06/22/14 | Under Contract | -- | -- | -- |
| 05/07/2014 05/07/14 | For Rent | $1,650 | +6.5% | -- |
| 11/12/2013 11/12/13 | Rented | $1,550 | -6.1% | -- |
| 11/12/2013 11/12/13 | For Rent | $1,650 | 0.0% | -- |
| 10/10/2013 10/10/13 | Sold | $173,000 | -1.1% | $298 / Sq Ft |
| 09/09/2013 09/09/13 | Pending | -- | -- | -- |
| 08/30/2013 08/30/13 | For Sale | $175,000 | -- | $302 / Sq Ft |
Source: MIAMI REALTORS® MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $173,000 | None Available | |
| Warranty Deed | $173,000 | Attorney | |
| Deed | $125,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $121,100 | New Conventional |
Source: Public Records
Similar Homes in Miami Beach, FL
Source: MIAMI REALTORS® MLS
MLS Number: A11643933
APN: 02-4203-246-0010
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