Studio Apartment “Miami Beach: Smart Layout, 1 Bathroom, Rental Income Potential” — South Beach
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About the project
Description
INVESTORS!!! Earn nearly 13% annual return on investment with this "Nice Apartment" rented at $1,700 / month. Prime South Beach location – updated and fully furnished studio. The building has passed its 40-year recertification and owns the land outright. ~$700,000 in capital improvements completed in the last 5 years (electrical, structural, roof). No special assessments. Low cooperative fees paid annually. Well-managed, extremely quiet, and secure building. The unit features two entrances, including a private street entrance. Tenant-occupied through December 2025 – steady rental income. Cash-only purchase. NO short-term rentals. Minimum rental period twice per year.
What's Special
- Unit features two entrances
- Private street entrance
Facts & Features
Interior
- Bedrooms & Bathrooms: Bedrooms: 0, Bathrooms: 1, Full Bathrooms: 1
- Heating: Window/Wall
- Cooling: Wall/Window Unit(s)
- Appliances: Included: Gas Range
- Laundry: Common Area
- Features: Closet Cabinetry
- Furnished: Yes
- Interior Area: Total Structure Area: 380 sq ft, Total Interior Livable Area: 380 sq ft
Property
- Parking: Parking Features: On Street
- Has Uncovered Spaces: Yes
- Features: Entry Location: First Floor Entry
- Exterior Features: Courtyard
- Has View: Yes
- View Description: Garden
Construction
- Type & Style: Home Type: Condo, Property Subtype: Cooperative (Co-Op)
- Attached to Another Structure: Yes
- Materials: CBS Construction (Concrete Block)
- Condition: Year Built: 1962
Community & Cooperative
- Community: Security: Other
- Subdivision: Penn Eleven Co-Op
- Cooperative: Has Cooperative: Yes, Amenities Included: None
- Cooperative Fee: $5,783 annually
- Application Fee: $100
Location
- Region: Miami Beach
Location
South Beach, Miami Beach
This investment property is situated in the heart of South Beach, offering unparalleled access to world-class amenities and constant tourist and rental demand.
- Prime Investment Location: South Beach maintains one of the highest and most stable rental demand rates in Florida year-round.
- Walkability: Steps away from ocean beaches, Lincoln Road Mall, Espanola Way, and countless dining and entertainment options.
- Tourism Hub: Located in a perennially popular tourist destination, ensuring a continuous stream of potential long-term tenants.
- Established Neighborhood: The Penn Eleven Co-Op is part of the fabric of South Beach, known for its well-maintained, no-fuss buildings.
- Accessibility: Excellent proximity to major thoroughfares, Miami International Airport, and the Port of Miami.
