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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
OCEAN BEACH ADDN NO 3
W81° 51' 38.9''
N25° 46' 35.7''
OCEAN BEACH ADDN NO 3
MLS Addon
Attached, Old Spanish
All Cash, Conventional
1
6
Completely Renovated
Water, Gardener, Sewer, Trash Collection
1
Quadruplex, Fourplex
$25,015
2025
Click Here
3900
4
24/03/2026 15:52:40

Miami Beach, Florida 33139

$3,150,000
3,600 size sq.ft.
Listing ID #A11988379
Basic Details
Property Type Residential Income
Listing Type For Sale
Listing ID A11988379
Price $3,150,000
Square Footage 3,600 Sqft
Year Built 1935
Days on Market 0
Building Area 3,600 Sqft
Status Active
Property SubType Quadruplex
On Market Date 24/03/2026
Elena Beck
MiamiInvestrealty
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