USAFLMiami Beach¤Ocean Beach Addn No 3645 Lenox Ave

645 Lenox Ave, Miami Beach, FL

House

For Sale

Listed price in listed location currency (USD).

$3,150,000

000

MLS® A12015557

Overview

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage

Taxes $25,015

Days Active 10

Lot Size 0.17 Acres

Approx. Age 1935

MLS® Number A12015557

Property Address: 645 Lenox Ave, Miami Beach, FL, 33139-5966

Average square foot calculated using Size range provided by listing agent.

Description

Premier Investment Opportunity | Fully Stabilized 6-Unit Multifamily Asset in the Heart of South BeachExceptional 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 valueLong-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.

MLS® NumberA12015557

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1935

Basement

DrivewayOn Street

Garage Spaces

Heat

A/C

Extras

Map

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