Active For Sale
645 LenoxAvenue, Miami Beach, FL 33139
645 Lenox Avenue, Miami Beach, FL 33139
  • $3,150,000

Overview

Property ID: HZA12015557
  • Multi Family, Commercial Sale
  • Property Type
  • 3600
  • Sqft
  • 1935
  • Year Built

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.

  • Address 645 Lenox Avenue
  • City Miami Beach
  • State/county FL
  • Zip/Postal Code 33139
  • Area Miami-Dade

Details

Updated on October 31, 2026 at 5:15 am
  • Property ID: HZA12015557
  • Price: $3,150,000
  • Property Size: 3600 Sqft
  • Land Area: 0.17 Acres
  • Garage Size: x x
  • Year Built: 1935
  • Property Type: Multi Family, Commercial Sale
  • Property Status: Active, For Sale

Additional details

  • Listing Terms: Cash, Conventional
  • Roof: Barrel
  • Flooring: Ceramic Tile, Laminate
  • County: Miami-Dade
  • Property Type: Commercial Sale
  • Parking: On Street

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