1329 Pennsylvania Ave, Miami Beach, FL 33139

• 5,760 sqft

Property Description

1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach's signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed/1-bath layouts. The building also has common laundry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ?— well below market. With renovations, rents can be repositioned to $2,300 - $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential.

Listing Status:

Active

Date Added:

October 2, 2025 at 05:00AM

Listing Office:

BHHS EWM Realty : 305-674-4050

Listing Agent:

Ben Brissi : 561-870-2211

MLS ID:

A11888408

Construction

• Roofing: Built-Up
• General: Stucco2

Location

• Originating MLS: Miami Association of REALTORS®
• County: Miami-Dade County

Lot

• Zoning: 3900OCEAN BEACH NO 3 PB 2-81 LOT 12 BLK 39 LOT SIZE 50.000 X 150 OR 17313-2432 0896 102-42-03-009-0700
• Current Use: Income Non-Waterfront

Financial

• Source: Miami Association of REALTORS®

This listing courtesy of Ben Brissi, BHHS EWM Realty