Premier Investment Opportunity: Stabilized 6-Unit Multifamily in South Beach. This turnkey asset at 645 Lenox Ave features 6 uniform 650 SF units with functional, identical layouts. Property is being sold in “As-Is” condition. It offers a lean operational structure with separate electric meters for each unit, allowing tenants to pay their own electricity. Boasting a Gross Annual Income of $170,400 based on 2026 actuals. High Investment Security: The property officially received its 10-Year Building Recertification (Miami-Dade Ordinance 8-11(f)), valid until 2035. This ensures structural and electrical safety, significantly reducing the risk of unexpected special assessments. AAA Location: Steps from the 500 Alton Project, a new 3-acre park, Baptist Health Center, and Publix. The property sits on a 7,500 SF lot with RM-1 Zoning. All units come fully furnished with an inventory list. Ideal for investors seeking immediate cash flow and long-term appreciation in a supply-constrained market.
- Swimming Pool
- Heating System
- Cooling System
- Architectural Style
- Roof:
- Barrel
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami Beach
- Zipcode:
- 33139
- Longitude:
- E0° 0' 0''
- Latitude:
- N0° 0' 0''
- Building Area:
- 3,600 Sqft
- Construction Materials:
- Block
- Exterior Features
- Flooring:
- Ceramic Tile, Laminate
- Internet Listing Display:
- 1
- Listing Terms:
- Cash, Conventional, Other
- Lot Features
- Parcel Number:
- 02-42-03-009-7770
- Subdivision Name:
- OCEAN BEACH ADDN NO 3
- Tax Annual Amount:
- $25,015
- Tax Year:
- 2025
- Utilities
- Virtual Tour:
- Click Here
- Window Features:
- Impact Glass, Blinds
Residential Income For Sale
Miami Beach, Florida 33139
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $3,150,000
- Square Footage :
- 3,600 Sqft
- Year Built :
- 1935
- MLS # :
- A11988379
- Property Sub Type :
- Quadruplex
