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Condominium
$325,000$471 / sqft
1420 Pennsylvania Ave # 210, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
690 sqft
Interior
1965
Year built
$767 / mo
HOA
Condominium
Type
About this home
Move-in ready, fully furnished, income-producing corner unit with assigned parking in the heart of South Beach! This bright 1-bedroom, 1-bathroom residence is currently rented for $2,200/month on a one-year lease, with average monthly expenses of approximately $950–$1,000, providing an estimated $1,200 net monthly income. A turnkey opportunity for investors, seasonal owners, or full-time residents. Located in a quiet boutique building with only 30 units, this beautifully remodeled condo features impact windows, central A/C, abundant natural light, and ample closet space, including a private office. Enjoy one of Miami Beach's most walkable locations, just 4 blocks from the beach and 2 blocks from Lincoln Road, with restaurants, shopping, museums, parks, and nightlife nearby. The sale includes all furniture, bedding, towels, cookware, dishes, silverware, and small appliances. Additional features include bright corner exposure, assigned parking, on-site laundry with 3 washers and 4 dryers, and high-speed Wi-Fi included in maintenance. The building's 50-year recertification is nearly complete, and all special assessments have been paid in full by the seller. Start earning income from day one or enjoy your new home!
Features
- Elevator
- Other
- Other View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- No Daily Rentals
- Ok To Lease
- Okay To Lease 1st Year
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,850.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.