Basic Information

  • MLS # A11988379
  • Type Duplex / Quad Plex / Triplex
  • Status
  • Subdivision/Complex Ocean Beach Addn No 3
  • Year Built 1935
  • Total Sqft 3,600
  • Date Listed 03/24/2026
  • Days on Market 11
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.

Exterior Features

  • Waterfront No
  • Pool No
  • Exterior Features Awnings, Security High Impact Doors
  • Parking Spaces 0
  • Parking Description

Interior Features

  • Adjusted Sqft 3,600
  • Sqft 3,600

Property Features

  • Aprox. Lot Size 3,600
  • Furnished Info No
  • Lot Description Sprinklers Automatic, Less Than Quarter Acre
  • Short Sale Regular Sale
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Ocean Beach Addn No 3
  • Tax Amount $25,015
  • Tax Year 2025

Undisclosed Address

Miami Beach, FL 33139

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