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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.

Address Map
FL
Miami-Dade County
Miami Beach
33139
W81° 51' 38.9''
N25° 46' 35.7''
MLS Addon
Building & Land, Furniture, Inventory
All Cash, Conventional/refinance
$2,400
1
Sale
$25,015
2025
Click Here
3900
6
24/03/2026 17:10:28

Miami Beach, Florida 33139

$3,150,000
7,500 size sq.ft.
Listing ID #A11988528
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11988528
Price $3,150,000
Year Built 1935
Days on Market 0
Building Area 3,600
Status Active
Property SubType Income/multifamily
Lot Area 7,500 Sqft
List Date 2026-03-29
On Market Date 24/03/2026
Elena Beck
MiamiInvestrealty
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