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1228 Pennsylvania Ave, Unit 7
+8 more
$330K

Penn Condo Unit 7

1228 Pennsylvania Ave, Unit 7 • Miami Beach, FL 33139

at Penn Condo

Beds
2
Baths
1
Living Area
700 SF
Price / SF
$471
HOA / Monthly
$560
Days on Market
27

About This Unit

Turnkey 2-bedroom, 1-bath condo in the heart of Miami Beach — ideal for savvy investors. Currently rented at $2,700/month through March 2027, offering immediate and stable cash flow from day one. Features include a bright, open layout with modern finishes, full appliance package, one assigned parking space, and an open balcony/patio. The building has passed its 40-year certification, with a new roof installed last year and exterior repainting currently in progress, enhancing both curb appeal and long-term value. With 365 lease days allowed per year, this is a streamlined addition to any South Florida investment portfolio. Minutes from the beach, dining, shopping, and entertainment. Cash only.

Pricing at Penn Condo — $471/sqft
Penn Condo Unit 7 is listed at $471/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Penn Condo.
Time on Market — 27 days
Penn Condo Unit 7 has been on the market for 27 days.
Building-level pace data is thin for this bedroom count.
Estimated Monthly Cost
Mortgage (P&I)
$1,792
HOA
$560
Property Tax
$293
Total / mo
$2,645
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.06%. HOA $0.8/sqft · All-in $3.78/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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That's (305) 337-4259 • Available 7 days a week
What to Verify
Flood Zone: This unit is in flood zone AE. High-risk flood zone (Special Flood Hazard Area). Federal flood insurance required for federally-backed mortgages.
Building Age: Built in 1961 (65 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Verify all of the above with the HOA before closing.
Building: Penn Condo
Unit: 7
Year Built: 1961
Stories: 2
City: Miami Beach
Postal Code: 33139
HOA Fee: $560 / Monthly
View: Other View
Waterfront: No
Private Pool: No
Heating: Central, Electric
Cooling: Central Air, Electric
Days on Market: 27
Listed: March 25, 2026
MLS #: A11989126

Location

Tour with Ricky

Schedule your private showing. Get pricing history, negotiation strategy, and the things the listing won't tell you.

Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Ricky Garcia
Ricky Garcia
Ricky J. Garcia LLC
Licensed with Global Luxury Realty
Listing courtesy of: Sync Brokerage Inc
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11989126 • Updated Apr 21, 2026 • Photos uploaded 34 days ago.