Prime South Beach location updated and fully furnished studio. Building has passed 40-year recertification and owns the land outright. ~$700K in capital improvements completed in the last 5 years (electrical, structural, roof). No special assessments. Low HOA paid yearly. Well-managed, extremely quiet, and safe building. Unit features two entrances, including a private street entrance. Tenant-occupied through December 2025 steady rental income. Cash-only purchase. Contact listing agent @oberdel (Ober Delgado) for a showing
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- BedroomOnMainLevel
- ClosetCabinetry
- FirstFloorEntry
- Flooring: Laminate
Appliances
Heating and Cooling
- Cooling Features: WallWindowUnits
- Heating Features: WallFurnace
- Heating: Yes
Exterior and Lot Features
Garage and Parking
- Parking Features: OnStreet
Home Features
Homeowners Association
- Association: Yes
- Association Fee: 5783
- Association Fee Frequency: Annually
- Association Fee Includes: Laundry, MaintenanceGrounds, Sewer
- Calculated Total Monthly Association Fees: 482
- Pets Allowed: No, PetRestrictions
Condo Info
- Unit Location: Garden Apartment
Other Property Info
- Annual Tax Amount: 1114
- Source Listing Status: Active
- County: Miami-Dade
- Tax Year: 2024
- Restrictions: OkToLease, RentingLimited
- Source Property Type: Residential
- Area: 42
- Property Subtype: condo
- Source Neighborhood: PENN ELEVEN CO-OP
- Parcel Number: 02-42-03-084-0040
- Postal City: Miami Beach
- Postal Code Plus 4: 4950
- Public Survey Range: 42
- Public Survey Section: 3
- Public Survey Township: 2
- Subdivision: PENN ELEVEN CO-OP
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 380
- Year Built: 1962
- Building Area Total: 380
- Construction Materials: Block
- Entry Level: 1
- Entry Location: 1
- Property Age: 63
- Property Attached: Yes
- Building Total Stories: 2
- Year Built Details: Resale
- Architectural Style: GardenApartment