645 Lenox Ave, Miami Beach FL 33139 | Miami-Dade County | A12015557
- $3,150,000
- $3,150,000
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.
Address
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Address: Lenox Ave
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City: Miami Beach
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Zip/Postal Code: 33139
Details
Updated on July 2, 2026 at 7:55 pm-
Property ID A12015557
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Price $3,150,000
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Year Built 1935
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Property Status Active, Commercial Sale
Additional details
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Flooring Ceramic Floor
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Annual Tax 25015
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Association No
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Private Pool No
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Listing Terms All Cash, Conventional/Refinance
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Waterfront No
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Parking On Street
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Construction Concrete Block Construction
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Building Area 3600
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Inclusions Building & Land,Furniture,Inventory
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Flood Zone AE
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New Construction No
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Lot Size (Sq Ft) 7500
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