645 Lenox Ave, Miami Beach FL 33139

Description of 645 Lenox Ave, Miami Beach FL 33139

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.

Property Details for 645 Lenox Ave, Miami Beach FL 33139

Flooring

Ceramic Floor

Parking Features

On Street

Pool Private

No

Building Information for 645 Lenox Ave, Miami Beach FL 33139

Building Area Total

3600

Building Area Units

Square Feet

Association

No

Security Features

Other Fire Protection, Smoke Detector(s), Security Fence, Motion Detector, Security Gate

Property Information for 645 Lenox Ave, Miami Beach FL 33139

Lot Size Square Feet

7,500

Waterfront

No

View

No

Construction Materials

Concrete Block Construction

Roof

Barrel Roof

New Construction

No

Public Records for 645 Lenox Ave, Miami Beach FL 33139

Parcel Number

02-42-03-009-7770

Tax Annual Amount

$25,015

Tax Legal Description

3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 14 BLK 97 LOT SIZE 50.000 X 150

Zoning

3900

County Or Parish

Miami-Dade County

Location