645 Lenox Ave, Miami Beach FL 33139
Income/MultiFamily in Miami Beach
$3,150,000
Listing courtesy of Lamarca & Co. Inc; Antonieta Lamarca. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.
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Income/MultiFamily, Commercial Sale
Details
Overview
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.
This income/multifamily home located at 645 Lenox Ave, Miami Beach FL 33139 is currently for sale and has been available on Brickellsold for 131 days. This property is listed at $3M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1935. 645 Lenox Ave, Miami Beach FL 33139 is in Miami Beach county Miami-Dade County.
Interior
- Flooring: Ceramic Floor
- Common walls with other units/homes:
Property
- Parking Features: On Street
- Entry location:
- Exterior Features:
- View Description:
Construction
- Year Built: 1935
Community & HOA
- Security Features: Other Fire Protection, Smoke Detector(s), Security Fence, Motion Detector, Security Gate
- Amenities:
Financial
Metadata
Neighborhood Insights
School and crime data are from public sources and are informational only.
Nearby Schools
Within 5 miles
- Miami Beach South Pointe Elementary • 0.0 mi • K-12
- Miami Beach Adult & Community Education Center • 0.0 mi • K-12
- Miami Beach Fienberg/Fisher K-8 Center • 0.0 mi • K-12
- Miami Beach Senior High • 0.0 mi • K-12
- North Beach Elementary • 0.0 mi • K-12
- Miami Beach Nautilus Middle • 0.0 mi • K-12
Nearby Hospitals
Within 3 miles
No nearby hospitals found.
Crime Overview
Crime data unavailable for this area.
