Property Description

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.

Features
Swimming Pool
Heating System
Cooling System
Architectural Style
Roof:
Barrel
Sewer
Address Map
State:
FL
County:
Miami-Dade
City:
Miami Beach
Zipcode:
33139
Longitude:
E0° 0' 0''
Latitude:
N0° 0' 0''
MLS Addon
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

3,600 Sqft
$3,150,000
MLS # #A11988379
Basic Details
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
Agent info
Contact Agent