,Residential-multi-family for Sale & Rent

for Sale & Rent

Price $3,150,000.00

• Lot size 7500
• Year Build 1935
• Waterfront
• Zip 33139
• Style
• Parking Description On Street
• 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

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,List A O R:A-Miami Association of REALTORS,Tax Year:2025,Latitude:25.7765703,List Price:3150000,Listing Id:A11988528,Longitude:-80.1392042,Mls Status:Active,Year Built:1935,Inclusions:Building & Land,Furniture,Inventory,Postal Code:33139,Coordinates:1:25.7765703,Gross Income:170400,Photos Count:18,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:42,On Market Date:2026-03-24,Other Expense:5760,Parcel Number:02-42-03-009-7770,Property Type:Commercial Sale,Trash Expense:10260,Open Parking Y N:1,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.,County Or Parish:Miami-Dade County,Expiration Date:2026-07-24,List Office Name:Lamarca & Co. Inc,Standard Status:Active,Living Area Units:Square Feet,M I A M I R E_ Last Use:Rental Investment,Major Change Type:New,New Taxes Expense:25015,Postal Code Plus4:5966,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:25015,Listing Agreement:Exclusive Right To Sell,Security Features:1:Smoke Detector(s),2:Security Fence,3:Motion Detector,4:Security Gate,Building Area Total:3600,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:7500,M I A M I R E_ Flood Zone:AE,M I A M I R E_ Num Meters:6,Number Of Buildings:1,Original List Price:3150000,Public Survey Range:42,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Maintenance Expense:2400,Net Operating Income:151979,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,M I A M I R E_ Vacancy Rate:1,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:Call Listing Agent,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,M I A M I R E_ Current Price:3150000,Public Survey Township:42,M I A M I R E_ Municipal Code:2,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:South Beach 6-Unit Multifamily. 10-Yr Recertified (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_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.77657402278689$-80.13952687636366$89.23$6.30$1.46$,M I A M I R E_ Supplement Count:2,Contract Status Change Date:2026-03-24,Number Of Units In Community:6,M I A M I R E_ Management Company:Lamarca & Co Inc,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_ Management Company Phone:305 7817034,