- MLS® #: A11845224
- 8220 Byron Ave
- Miami Beach, FL 33141-4359
- $3,500,000
- Business
- MLS® #: A12015557
- 645 Lenox Ave
- Miami Beach, FL 33139-5966
- $3,150,000
- Business
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.
View Virtual TourEssential Information
- MLS® #A12015557
- Price$3,150,000
- CAD Dollar$4,469,387
- UK Pound£2,385,032
- Euro€2,749,641
- Bathrooms0.00
- Year Built1935
- TypeBusiness
- Sub-TypeMulti Family
- StatusActive
Community Information
- Address645 Lenox Ave
- Area42
- CityMiami Beach
- CountyMiami-Dade
- StateFL
- Zip Code33139-5966
Amenities
- ParkingOn Street
Interior
- InteriorCeramic Tile, Laminate
Exterior
- RoofBarrel
- ConstructionBlock
- Office: Lamarca & Co. Inc
645 Lenox Ave on www.jupiteroceanfronthomes.us
Offered at the current list price of $3,150,000, this home for sale at 645 Lenox Ave features bedrooms and 0 bathrooms. This real estate listing is located in of Miami Beach, FL 33139-5966 . 645 Lenox Ave is listed under the MLS ID of A12015557 and has been on the Miami Beach real estate market for 45 days.Facts About Miami Beach, FL
Over the past 20 years, no American beach has generated as much buzz as the one that hugs Ocean Drive in Miami Beach. Fringed with palms, backed by Art Deco architecture and pulsating with urban energy, South Beach is the place to stretch out.
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