$199,000
0 Beds · 1 Bath · 446 sqft
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.
Bedrooms
0
Bathrooms
1
Living Area
446 sqft
Heating
Other
Cooling
Ceiling Fan(s), Electric, Wall/Window Unit(s)
Interior Features
Interior Hall, Second Floor Entry, Closet Cabinetry, Laundry Tub, Den/Library/Office
Garage Spaces
1
Parking Details
1 Space
Property Type
Condominium
MLS#
485242172
Year Built
1965
Area
1231 Penn Inc Condo
HOA/Maintenance
$564/mo
Days on Market
38
Monthly Payment
$1,797/mo
Listing courtesy of The Keyes Company
Listing information is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Data last updated 7/6/2026. Listing provided courtesy of the Miami Association of REALTORS® MLS. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the MIAMI Association of REALTORS®.


