645 Lenox Ave, Miami Beach FL 33139 | Miami-Dade County | A12015557
  • $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: Lenox Ave
  • City: Miami Beach
  • Zip/Postal Code: 33139

Details

Updated on July 2, 2026 at 7:55 pm
  • Property ID A12015557
  • Price $3,150,000
  • Year Built 1935
  • Property Status Active, Commercial Sale

Additional details

  • Flooring Ceramic Floor
  • Annual Tax 25015
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional/Refinance
  • Waterfront No
  • Parking On Street
  • Construction Concrete Block Construction
  • Building Area 3600
  • Inclusions Building & Land,Furniture,Inventory
  • Flood Zone AE
  • New Construction No
  • Lot Size (Sq Ft) 7500

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Christopher Lazaro

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