645 Lenox Ave ,Residential-multi-family for Sale & Rent

645 Lenox Ave 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 | 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.

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 | 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.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Latitude:25.7765703,List Price:3150000,Listing Id:A12015557,Longitude:-80.1392042,Mls Status:Active,Year Built:1935,Inclusions:Building & Land,Furniture,Inventory,Postal Code:33139,Street Name:Lenox Ave,Coordinates:1:25.7765703,Photos Count:13,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:42,On Market Date:2026-05-08,Parcel Number:02-42-03-009-7770,Property Type:Commercial Sale,Street Number:645,Open Parking Y N:1,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2026-08-31,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,Postal Code Plus4:5966,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:25015,Unparsed Address:645 Lenox Ave, Miami Beach FL 33139,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,Syndication Remarks: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.,Listing Contract Date:2026-05-08,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:Call Listing Agent,Showing Assist,Street Number Numeric:645,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,Electric On Property Y N:1,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:Acquisition for investors seeking stabilized income, operational efficiency,and longterm appreciation in one of Miami’s most dynamic urban submarkets.,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$1.46$,Contract Status Change Date:2026-05-08,Internet Address Display Y N:1,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:Yes - Attribution NOT Required,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_ Address Internet Display:645 Lenox Ave,M I A M I R E_ Management Company Phone:305 7817034,