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.
- Security
- Parking Features
- Roof:
- Barrel
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami Beach
- Zipcode:
- 33139
- Longitude:
- W81° 52' 11.8''
- Latitude:
- N25° 47' 26.4''
- Building Area:
- 3,600 Sqft
- Construction Materials:
- Block
- Flooring:
- Ceramic Tile, Laminate
- Internet Listing Display:
- 1
- Listing Terms:
- Cash, Conventional
- Maintenance Expense:
- $2,400
- Parcel Number:
- 02-42-03-009-7770
- Structure Type:
- Multi Family
- Tax Annual Amount:
- $25,015
- Tax Year:
- 2025
- Virtual Tour:
- Click Here
Commercial Sale For Sale
Miami Beach, Florida 33139
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $3,150,000
- Year Built :
- 1935
- Lot Area :
- 7,500 Sqft
- MLS # :
- A11988528
- Property Sub Type :
- Multi Family
