,Quadruplex, Ocean Beach Addn No 3 for Sale

for Sale

Price $3,150,000.00

• Lot size 3600
• Year Build 1935
• Waterfront
• Zip 33139
• Style Attached, Old Spanish
• Parking Description
• Pool Yes
• Status Active

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.

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

Less Than 1/4 Acre Lot

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.

City:Miami Beach,Zoning:3900,Cooling:1:Central Air,2:Electric,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2025,Latitude:25.7765703,Cooling Y N:1,Heating Y N:1,List Price:3150000,Listing Id:A11988379,Longitude:-80.1392042,Mls Status:Active,Year Built:1935,Living Area:3600,Postal Code:33139,Coordinates:1:25.7765703,Photos Count:16,Building Name:OCEAN BEACH ADDN NO 3,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:42,M L S Area Major:Ocean Beach Addn No 3,On Market Date:2026-03-24,Parcel Number:02-42-03-009-7770,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,3:Water,Stories Total:1,M I A M I R E_ Style:Fourplex,Public Remarks: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.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2026-09-24,List Office Name:Lamarca & Co. Inc,Standard Status:Active,Window Features:1:Complete Impact Glass,2:Awning,3:Blinds,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5966,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:OCEAN BEACH ADDN NO 3,Tax Annual Amount:25015,Total Actual Rent:170400,Listing Agreement:Exclusive Right To Sell,Operating Expense:18420,Year Built Details:Effective Year Built,Building Area Total:3600,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:AE,M I A M I R E_ L P Amt Sq Ft:875,Original List Price:3150000,Public Survey Range:42,Architectural Style:1:Old Spanish,Documents Available:1:Inventory,2:Copy Of Lease(S),3:Other Available Information,4:Rent Rolls,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Number Of Units Total:6,Syndication Remarks: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.,Listing Contract Date:2026-03-24,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:Call Listing Agent,List Agent Must Accompany,Showing Assist,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,Green Energy Efficient:1:HVAC,2:Thermostat,3:Water Heater,M I A M I R E_ Current Price:3150000,Public Survey Township:42,Construction Materials:1:Elevated Construction,M I A M I R E_ Municipal Code:2,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:3600,M I A M I R E_ Internet Remarks:South Beach 6-Unit Multifamily. 10-Yr Rectified (2035). Sep. Electric Meters. $170K Gross Income. Steps to 500 Alton & Beach. RM-1 Zoning. Turnkey!,M I A M I R E_ Parcel Number M L X:7770,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.776551$-80.13922$109.93$13.33$1.00$CJGD351Nm5u1mnx9dNdSVg,M I A M I R E_ Supplement Count:2,Contract Status Change Date:2026-03-24,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,M I A M I R E_ Subdivision Number:9,M I A M I R E_ Agent Alternate Phone:305-781-7034,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:875,