Basic Information

  • Type Commercial
  • Year Built 1935
  • Total Sqft 3,600
  • Date Listed 05/08/2026
  • Days on Market 35
Description

Premier Investment Opportunity | Fully Stabilized 6-Unit Multifamily Asset in the Heart of South BeachExceptional 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 valueLong-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.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description On Street

Interior Features

  • Adjusted Sqft 3,600Sq.Ft
  • Sqft 3,600 Sq.Ft

Property Features

  • Aprox. Lot Size 7,500
  • Furnished Info No
  • Short Sale Regular Sale
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $25,015
  • Tax Year 0

645 Lenox

Miami Beach, FL 33139

The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Lamarca & Co. Inc. tel:

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