1345 Pennsylvania Ave.

Vacation rentals, monthly cash distributions

Miami Beach multifamily asset, 8,219 sqft with 19 furnished residential units near Lincoln Road and Ocean Drive.

Value-add strategy on a three-story multifamily building at 1345 Pennsylvania Avenue in Miami Beach, Florida. The public listing identifies the asset as a quadruplex with 1 bedroom, 2 baths, 8,219 square feet, and 1924 construction, while the listing narrative describes 19 fully furnished residential units consisting of 12 one-bedroom / one-bath units and 7 studios. All units are represented as leased long-term with stable occupancy, positioning the asset as an income-property hold rather than a speculative short-term rental conversion. The strategy underwrites operational optimization, lease management, selective unit refreshes, and preservation of stable cash flow in a high-demand South Beach rental location near the beach, Lincoln Road, Ocean Drive, and dining. Asking basis of 4.7 million dollars reflects the building scale, furnished residential unit count, and prime Miami Beach location. Capital deployment covers operating improvements, selective repairs, unit-level refreshes at turnover, shared laundry and common-area upkeep, and carry through stabilization. Returns are targeted from stabilized NOI and valuation improvement in a constrained multifamily submarket.

Address

1345 Pennsylvania Ave.

City

Miami Beach, FL

ZIP

33139

Beds

1

Baths

2

Living sqft

8,219

Lot sqft

Pending

Year built

1,924

Waterfront

No waterfront

Short-term rental economics model using operating-capital basis, permitted STR revenue thesis, maturity, and downside/upside operating outcomes. Detailed sponsor line items are shown when a full proforma is available.

Source: strategy economics model · figures are forward-looking estimates · not a guarantee of return