INVESTOR SPECIAL CASH FLOW FROM DAY ONE! This is the income-producing asset youve been waiting for! Fully rented 1BD/1BA South Beach condo generating $2, 000/month with a locked-in lease through January 2026. Thats ZERO vacancy risk and immediate, guaranteed returns. Located just steps from world-famous beaches in one of Miamis highest-demand rental zones, this light-filled unit features an open layout, stainless steel appliances, walk-in closet, and generous kitchen spaceperfect 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 Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- BedroomOnMainLevel
- FirstFloorEntry
- Flooring: Vinyl
Appliances
- Dishwasher
- ElectricRange
- Microwave
- Refrigerator
- TrashCompactor
- Laundry Features: CommonArea
Heating and Cooling
- Cooling Features: CentralAir
- Heating Features: Central
- Heating: Yes
Exterior and Lot Features
Garage and Parking
- Parking Features: OnStreet
Homeowners Association
- Association: Yes
- Association Amenities: Laundry
- Association Fee: 466
- Association Fee Frequency: Monthly
- Association Fee Includes: Insurance, Laundry, MaintenanceStructure
- Calculated Total Monthly Association Fees: 466
- Pets Allowed: Conditional, Yes
Other Property Info
- Annual Tax Amount: 3408
- Source Listing Status: Active
- County: Miami-Dade
- Tax Year: 2024
- Ownership: Sole Proprietor
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: PENN PLAZA CONDO
- Parcel Number: 02-42-03-246-0010
- Postal City: Miami Beach
- Postal Code Plus 4: 4920
- Subdivision: PENN PLAZA CONDO
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 580
- Year Built: 1925
- Building Area Total: 580
- Construction Materials: Block
- Entry Level: 1
- Entry Location: 1
- Property Age: 100
- Property Attached: Yes
- Building Total Stories: 3
- Year Built Details: Resale
Home Features
- Security Features: ComplexFenced, KeyCardEntry