$3,150,00014 days on marketActive

645 Lenox Avenue, Miami Beach, FL 33139

Miami Beach, FL 33139

Sq Ft

1935

Year Built

0.17 acres

Lot Size

Listing Snapshot

List Price	$3,150,000
Beds	0
Baths	0
Living Area	0 sqft
Lot Size	0.17 acres

Year Built	1935
Property Tax	$25,015/yr
MLS #	1159680107
Status	Active
Days on Market	14

About This Home

Premier Investment Opportunity | Fully Stabilized 6-Unit Multifamily Asset in the Heart of South BeachExceptional 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 valueLong-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.