Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Parking

    On Street

  • Pool

    No

Area & Lot

  • Lot Size(square feet)

    7500.0

  • Property Type

    Commercial Sale

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $3,150,000

  • Tax Amount

    $25,015

  • Zoning

    3900

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

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Listing Courtesy of Antonieta Lamarca , Lamarca & Co. Inc

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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.

645 Lenox Ave

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