For SaleGood Deal51 days on market

1060 Pennsylvania Ave APT 16

1060 Pennsylvania Ave APT 16, Miami Beach, FL 33139, Miami Beach, FL 33139
$160,000
Estimate®:$134,000

Listing Price

Property image 1
1060 Pennsylvania Ave APT 16, Miami Beach, FL 33139
Loc: Miami Beach, FL
Days Listed
51
Tax Assessed
$109k
Estimate®
$134k
Market Rate
Rent Estimate
$1,609/mo
Est. Cash Flow base
Type
apartment

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

5

Fienberg/Fisher K-8 Center

PK-8
0.3 mi away
5

Miami Beach Senior High School

9-12
1.2 mi away
5

Nautilus Middle School

6-8
2.3 mi away
Haven Underwritten Market·Moderate DSCR (0.60x)

Miami, FL Investment Analysis (2026)

Cap Rate: 3.71% · Median Rent: $3,400/mo · Effective Tax: 0.91%

Open Miami Market Underwrite

Property Overview

No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.

Features & Amenities

mid-century modernstucco exteriordecorative breeze blocksbalconyterracemulti-familyapartment buildingvintage architecturetiled stairssecurity gatestropical landscapingpalm treesrailingexterior staircase

Haven AI Verdict

Recommendation
Good
Confidence Score: 7/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
7.50%
Total ROI
121.9%
Cash Flow
$170/mo
DSCR
1.20
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $170/mo net cash flow with a 7.5% cap rate. Underwriting indicates good fundamentals for long-term hold.

Strengths
  • Favorable cap rate profile (7.5%)
  • Strong rental demand in Miami Beach
Considerations
  • Verify historical operating expenses and local tax assessment
  • Confirm current lease terms and tenant estoppel certificates

10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-03Listed for sale$160,000$400
2023-06-04Listing removed$0
2023-03-07Listed for sale$180,000$450
2023-01-29Listing removed$0
2022-10-31Price change$199,999$500
2022-10-19Price change$199,000$498
2022-09-28Listed for sale$225,000$563
2022-09-12Listing removed$0
2022-09-12Listed for sale$210,000$525
2022-09-12Pending sale$210,000$525
2022-08-31Listed for sale$225,000$563
2018-12-17Sold$97,000$243
2018-10-10Pending sale$110,000$275
2018-08-08Listed for sale$110,000$275
1987-01-01Sold$16,000$40

Tax History

YearProperty TaxTax Assessment
2025$2,042.76$108,889
2024$2,557.7$136,111
2023$909.9$89,289
2022$854.09$86,689
2021$834.87$84,165
2020$962.3$90,500
2019$1,511.53$78,000
2018$1,593.53$84,743
2017$1,593.53$83,084
2016$1,593.77$75,531
2015$1,459.78$68,665
2014$1,313.53$62,423
2013$1,056.05$56,749
2012$1,056.05$51,590
2011$1,067.88$51,590
2010$1,034.92$46,900
2009$1,135.11$55,180
2007$1,661.58$82,360
2006$1,739.03$0
2005$1,739.03$0
2004$1,042.53$0
2003$812.67$0
2002$736.04$0
2001$736.04$0
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
1
Baths
1
Sq Ft
400

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