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$262,000

Beds
1
Baths
1.0
sq ft
580

1027 Pennsylvania Ave Unit 101, Miami Beach, FL 33139

1027 Pennsylvania Ave Unit 101

Miami Beach, FL 33139

  • 227 days on market
    • Price drop $3,000↓
INVESTOR ALERT – TURNKEY INCOME PROPERTY! Start earning immediate cash flow with this fully rented South Beach 1/1 condo, featuring a tenant in place paying $2,000/month on a secured lease through 1/31/2026—no vacancies, no hassle! Located just blocks from the beach in a high-demand rental market, this bright and airy unit boasts an open floor plan, stainless steel appliances, a large walk-in closet, and ample cooking space. With a proven rental history, this is a hands-off, profitable investment in one of Miami’s hottest locations.

Details

Property type

Condominium

Est. home value

$284,826

Lot size

Unknown

Price per sq ft

$452

Year built

1925

Annual property taxes

$3,408

Monthly HOA fee

$466

Price History

03/07/2025
SEF

SEF #A11643933

Price change
$262,000
-1.13%
08/19/2024
SEF

SEF #A11643933

Listed
$265,000
+53.18%
04/27/2021
SEF

SEF #A10961857

Sold
$173,000

Schools & Community

Neighborhood: 

Flamingo Lummus

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Finance Of America Mortgage Llc

Loan start date

April 2021

Original loan amount

$121,100

Est. remaining balance

$110,828

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Danielle Swenson

Lender

Finance Of America Mortgage Llc

Loan start date

April 2021

Original loan amount

$121,100

Est. remaining balance

$110,828

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Danielle Swenson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 04/02/2025 at 10:15 PM

Listing updated: 04/02/2025 at 8:51 AM

Listed by: Ober Delgado Quiroz, United Realty Group Inc Phone #: (954) 450-2000

MLS: SEF #A11643933

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