Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
Financials
Price:$3,150,000
Annual Taxes:$25,015
Listing Courtesy of Lamarca & Co. Inc
Premier Investment Opportunity Stabilized 6 Unit Multifamily in South Beach.
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.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11988379
Amenities
- Awnings
- Blinds
- CableNotAvailable
- ImpactGlass
- LessThanQuarterAcre
- SecurityHighImpactDoors
- SprinklersAutomatic

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.