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
Security
Parking Features
Roof:
Barrel
Address Map
State:
FL
County:
Miami-Dade
City:
Miami Beach
Zipcode:
33139
Longitude:
W81° 52' 11.8''
Latitude:
N25° 47' 26.4''
MLS Addon
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
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Commercial Sale For Sale

Miami Beach, Florida 33139

7,500 Sqft
$3,150,000
MLS # #A11988528
Basic Details
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
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