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954-557-5993
Real Estate Company
645 Lenox Ave, Miami Beach, FL 33139
- $3,150,000
- List Price
- $3,150,000
- MLS#
- A12015557
- Lot Size
- 7,500
- Subtype
- Income/MultiFamily
- County
- Miami-Dade
- Community
- Not Found
- Year Built
- 1935
Property Description
Premier Investment Opportunity | Fully Stabilized 6-Unit Multifamily Asset in the Heart of South Beach Exceptional turnkey investment opportunity at 645 Lenox Ave featuring six well-maintained and fully furnished 650 SF units, all with efficient and identical floor plans designed for streamlined management and operational efficiency. Offered in “As-Is” condition, this asset presents immediate income generation with strong long-term upside potential. The property currently produces a Gross Annual Income of approximately $170,400 based on 2026 actual income figures, delivering stable cash flow in one of Miami Beach’s most desirable and supply-constrained rental markets. Investor-Friendly Features Include: • Separate electric meters for each unit, minimizing owner expenses • Units included with inventory list for a seamless transition • Uniform layouts and low-maintenance management structure • 7,500 SF lot with RM-1 zoning offering long-term intrinsic land value Long-Term Investment Security:The building has completed and received its 10-Year Recertification in accordance with Miami-Dade Ordinance 8-11(f), valid through 2035. This provides added confidence regarding structural and electrical compliance reducing the likelihood of near-term capital assessment exposure. Prime South Beach Location: Ideally positioned just steps from the transformative 500 Alton development, the new 3-acre public park, Baptist Health Center, Publix, and major lifestyle destinations.
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Additional Information
- Status Label
- ACTIVE
- Total Unitsin Complex
- 6
- Boat Service
- Building & Land, Furniture, Inventory
- Construction
- Concrete Block Construction
- Flooring
- Ceramic Floor
- Parking
- On Street
- Roof
- Barrel Roof
- Security
- Other Fire Protection, Smoke Detector(s), Security Fence, Motion Detector, Security Gate
- Taxes
- $25,015
- Roofing
- Barrel Roof
- Boat Services
- Building & Land, Furniture, Inventory
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Listing Courtesy of Lamarca & Co. Inc, Contact: