Hispaniola House 1440 Pennsylvania Ave 6 Unit Apartment Building $2,300,000 ($383,333/Unit) 5% Cap Rate Miami Beach, FL 33139

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 1440 Pennsylvania Avenue in Miami Beach, FL (the “Property”). The two-story building contains four (4) 2-Bedroom/1-Bathroom units and two (2) 1-Bedroom/1-Bathroom units, with 4,331 square feet of gross living area and 4,903 square feet of gross area. The Property is situated upon a 0.09- acre parcel and offers street parking. 1440 Pennsylvania Avenue is ideally situated in the heart of South Beach, just steps from Lincoln Road, Ocean Drive, and Miami Beach’s world-famous shoreline. The property benefits from strong pedestrian and vehicle visibility, with immediate access to surrounding retail, dining, hospitality, and entertainment amenities that define the area’s dynamic lifestyle.
UNIQUE MULTI-USE OPPORTUNITY – MIAMI BEACH
This property presents a rare combination of current income and future flexibility. It is presently leased and operated as a multifamily rental, generating stable returns. However, what sets this building apart is its ability “as-of-right” to operate as a licensed short-term rental property in Miami Beach. Given the city’s restrictive short-term rental policies, very few properties qualify for this use without the need for variances or special approvals. This flexibility allows an investor to continue benefitting from reliable multifamily income today, while retaining the option to reposition the asset into a higher-yield short-term rental operation. This dual-use potential makes the property an exceptional investment opportunity—balancing steady cash flow with the upside of a rare and highly sought-after use category in Miami Beach. 4