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32412888
32412889

645 Lenox Ave, Miami Beach, FL 33139

Lamarca & Co. Inc
Listed by Lamarca & Co. Inc
$3,150,000
28 days on market
Updated 0 days ago

645 Lenox Ave

Details
APN 02-42-03-009-7770
Property Type Multifamily
Square Footage 3,600
Year Built 1935
Buildings 1
Lot Size (SqFt) 7,500
Zoning 3900

Multifamily

Marketing description

Premier Investment Opportunity | Fully Stabilized 6-Unit Multifamily Asset in the Heart of South Beach Exceptional 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 value Long-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.
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Listing Contacts

Lamarca & Co. Inc
Listed by Lamarca & Co. Inc

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