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Buy a multi-family propertyat 1020 Pennsylvania Ave, Miami Beach, FL 33139

$2,250,000

$0/mo

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Multifamily

635 Days on market

A11186349 MLS ID

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About 1020 Pennsylvania Ave multi-family property

RARE MULTIFAMILY DEVELOPMENT OPPORTUNITY IN THE HEART OF SOUTH BEACH. This is one of the only VACANT LOTS available due to strict regulations on demolition of older structures in the area. This gives any development on the site a major competitive edge as the newest product on the market. Incredible location only 1 block from Washington Ave, 2 blocks from Collins, and 3 blocks from Ocean Drive and the beach. With an FLR of 1.25, this 7,000 LAND SF site has 8,750 Buildable Square Feet (BSF), which would allow space for up to 15 units. Site has 50 ft fronting Pennsylvania Ave and another 50 ft of frontage along the back alley way which does allow ingress & egress for residents. Architectural drawings & surveys are available upon request.
RARE MULTIFAMILY DEVELOPMENT OPPORTUNITY IN THE HEART OF SOUTH BEACH. This is one of the only VACANT LOTS available due to strict regulations on demolition of older structures in the area. This gives any development on the site a major competitive edge as the newest product on the market. Incredible location only 1 block from Washington Ave, 2 blocks from Collins, and 3 blocks from Ocean Drive and the beach. With an FLR of 1.25, this 7,000 LAND SF site has 8,750 Buildable Square Feet (BSF), which would allow space for up to 15 units. Site has 50 ft fronting Pennsylvania Ave and another 50 ft of frontage along the back alley way which does allow ingress & egress for residents. Architectural drawings & surveys are available upon request.

Property details

House

Architectural Style: Other

Building Area Units: Square Feet

Building Name: OCEAN BEACH ADDN NO 3

Construction Materials: Other

Living Area Units: Square Feet

New Construction YN: t

Structure Type: Quadruplex, Fourplex

Year Built: 2022

Year Built Details: New Construction

Home Owner's Association

Association Fee Frequency: Monthly

Association YN: t

Location

City: Miami Beach

Coordinates: "-80.1342443", "25.7810879"

County Or Parish: Miami-Dade County

Latitude: 25.7810879

Longitude: -80.1342443

MLS Area Major: Ocean Beach Addn No 3

Postal Code: 33139

Postal Code Plus 4: 4922

State Or Province: FL

Street Name: Pennsylvania Ave

Street Number: 1020

Street Number Numeric: 1020

Subdivision Name: OCEAN BEACH ADDN NO 3

Unparsed Address: 1020 Pennsylvania Ave, Miami Beach FL 33139

Cooling

Cooling: Other

Cooling YN: t

Floors

Flooring: Other

Heating

Heating: Other

Heating YN: t

Listing

Listing Id: A11186349

Listing Terms: Cash, Conventional

List Price: 2250000

Mls Status: Active

Number Of Units In Community: 1

Rent Includes: Other Rent Incl

Standard Status: Active

Lot

Lot Features: Less Than 1/4 Acre Lot

Lot Size Units: Square Feet

Property

Parcel Number: 02-42-03-009-1160

Property Condition: New Construction

Property Sub Type: Quadruplex

Property Type: Residential Income

Possession

Possession: Funding

Taxes

Tax Annual Amount: 26842

Tax Legal Description: OCEAN BEACH ADDN NO 3 PB 2-81 LOT 6 BLK 43 LOT SIZE 50.000 X 140 OR 19794-2603 07 2001 1 COC 25665-2821 05 2007 1

Tax Year: 2021

Water

Water Source: "Municipal Water"

Monthly cost

Estimated monthly cost

$14,582/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Sale and tax history

Sales history

Date

Sep 26, 2013

Price

$1,000,000

Date

Jun 1, 2007

Price

$774,000

DatePrice
Sep 26, 2013$1,000,000
Jun 1, 2007$774,000

Schools

This home is within the Miami-dade County Public Schools.

Miami Beach & Homestead enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$2,115,000

+$67,500

$2,182,500

Seller agent commission$67,500 (3%)*

$0 (0%)

Buyer agent commission$67,500 (3%)*

$67,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $67,500 more selling your home
with a Unreal Estate agent

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Unreal Estate checked: Aug 8, 2023 at 4:41 p.m.

Data updated: Mar 16, 2023 at 8:27 p.m.

Courtesy of Beach City Realty.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Information © 2024 MIAMI and Miami REALTORS®. All Rights Reserved.

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