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645 Lenox AveMiami Beach, FL 33139

Miami-Dade County

$3,150,000List price
3,600Sq Ft
1935Year built
5 months agoOn market

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.

Property Information

Property type
Commercial Sale
Sub-type
Multi Family
Structure type
Multi Family
Year built
1935
Building area
3,600 Sq Ft
Lot size
7,500 Sq Ft
Days on market
152
MLS® Listing#
A12015557

Property Features

Flooring
Ceramic Tile · Laminate
Parking
On Street
Construction
Block
Roof
Barrel
Security
Security Gate · Other · Smoke Detector(s) · Security Fence

Financial Details

HOA
YesAssociation: Lamarca & Co Inc
Annual taxes
$25,015
Parcel number
02-42-03-009-7770

Listing Courtesy: Lamarca & Co. Inc - 3057817034

Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.
This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

Documents & links

Provided by Antonieta Lamarca

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