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$4,500,000   Price Analysis
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1200 Pennsylvania Ave
Miami Beach, FL 33139
Unknown bed 0 bath 8,052 SqFt ($558/SqFt)
Built 1938
Listed 2024-07-29, Taxes $38,518
Ⓧ USDA Ineligible
due to price & location

near Miami Beach

The Edroy Apartments consists of 8

052 rentable square feet built on a 7, 000 square foot lot. The property was constructed in 1938 an d contains a total of 13 units, consisting of two 2 bedroom/2- bathroom units; three 2 bedroom/1-bathroom units; five 1 bedroom/1-bathroom units; and three large studio units.

The property is priced at $4, 500, 000, which breaks down to $346, 154 per unit and $558 a square foot. The building has been recently recertifid and all units updated with brand new bathrooms and kitchens. The exterior features new impact windows, new awnings, plaster and paint, new gates.


Presented by Ugo Cortesano at
Corte Real Estate Group Llc.
Listing Agent Photo

Property MLS #A11631806 from MiamiMLS

Total Bathrooms: 0

Cooling Features: CeilingFans, WallWindowUnits
Heating Features: Electric
Heating: Yes

Window Features: ImpactGlass

Builder Model: Multifamily

Lot Description: Item14to12AcreLot

Association: No
Association Fee Frequency: Annually
Calculated Total Monthly Association Fees: 0

Rent Includes: Gas, Gardener, HotWater, Sewer, TrashCollection, Water

Annual Tax Amount: 41384
Source Listing Status: Active
County: Miami-Dade County
Tax Year: 2023
Source Property Type: ResidentialIncome
Source Neighborhood: OCEAN BEACH ADDN NO 3
Parcel Number: 02-42-03-009-0930
Postal City: Miami Beach
Postal Code Plus 4: 4496
Subdivision: OCEAN BEACH ADDN NO 3
Zoning Description: 3900
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$601,000 + $1,449,000
$2,050,000
$38,518
2021$545,000 + $1,449,000
$1,994,000
$38,500
2020$545,000 + $1,449,000
$1,994,000
$38,603
2019$836,000 + $1,386,000
$2,222,000
$43,059
2018$829,000 + $1,386,000
$2,215,000
$41,651
2017$974,000 + $1,386,000
$2,360,000
$44,941
2016$933,000 + $1,386,000
$2,319,000
$45,045
2015$1,294,000 + $756,000
$2,050,000
$40,615
2014$unknown + $unknown
$1,270,500
$26,048
2013$unknown + $unknown
$1,155,000
$24,087
2012$unknown + $unknown
$1,050,000
$21,493
2011$unknown + $unknown
$989,456
$20,480
2010$unknown + $unknown
$989,456
$21,833
2009$unknown + $unknown
$1,136,354
$23,375
2008$unknown + $unknown
$1,171,354
$23,748
2007$unknown + $unknown
$1,311,354
$26,456

Listed 2024-07-29
$4,500,000
MiamiMLS
Listing removed 2021-09-20
$0
TurboTenant
Listed for rent 2021-09-09
$2,000
TurboTenant
Listing removed 2021-07-16
$0
AppfolioUnits
Listing removed 2021-07-14
$0
TurboTenant
Listed for rent 2021-07-07
$1,500
TurboTenant
Listed for rent 2021-07-02
$1,500
AppfolioUnits
Listing removed 2020-09-13
$0
AppfolioUnits
Listing removed 2020-09-13
$0
AppfolioUnits
Listing removed 2020-09-13
$0
AppfolioUnits
Listed for rent 2020-08-30
$1,900
AppfolioUnits
Listed for rent 2020-08-30
$1,200
AppfolioUnits
Listed for rent 2020-08-30
$1,400
AppfolioUnits
Listing removed 2018-06-15
$0
AppfolioUnits
Listing removed 2018-06-14
$1,850
AppfolioUnits
Listed for rent 2018-05-26
$1,850
AppfolioUnits
Listing removed 2017-04-20
$2,350
MiamiMLS
Listing removed 2015-12-22
$1,700
Reallyo
Listing removed 2015-12-11
$1,700
Reallyo
Listed for rent 2015-12-11
$1,700
Reallyo
Listing removed 2015-12-04
$1,700
Reallyo
Listed for rent 2015-12-04
$1,700
Reallyo
Listed for rent 2015-10-30
$1,700
Reallyo
Listing removed 2015-05-22
$1,800
MiamiMLS
Sold 2015-05-15
$2,925,000
Public Record
Listed for rent 2015-04-17
$1,700
MiamiMLS
Listing removed 2015-03-14
$2,300
MiamiMLS
Listing removed 2015-03-05
$1,800
MiamiMLS
Listed for rent 2015-02-24
$1,650
MiamiMLS
Listing removed 2015-02-24
$1,650
MiamiMLS
Listed for rent 2015-02-17
$2,300
MiamiMLS
Listed for rent 2015-01-14
$1,650
MiamiMLS
Listing removed 2014-10-03
$1,700
AppfolioUnits
Listed for rent 2014-09-25
$1,700
AppfolioUnits
Sold 2014-06-16
$2,500,000
Public Record
Sold 2011-05-23
$1,330,000
Public Record
Sold 1985-01-01
$240,000
Public Record

Net Operating Income: 209594
Operating Expense: 101805

Total Square Feet Living: 8052
Year Built: 1938
Building Area Total: 8052
Construction Materials: Block
Levels: Two
Living Area Source: Appraiser
Property Age: 86
Levels or Stories: 2
House Style: Duplex
Year Built Details: Effective Year Built

Sewer: PublicSewer
CableAvailable

Fienberg/Fisher K-8 Center is a public elementary and middle school located approximately 0.2 miles away.
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Miami Beach Senior High School is a public high school located approximately 1.1 miles away.
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Landow Yeshiva Center is a private elementary, middle and high school located approximately 0.4 miles away.
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Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.