Premier Investment Opportunity Stabilized 6 Unit Multifamily in South Beach.


Property

Website:https://www.nestseekers.com/5367278
Address:
Miami Beach, FL 33139
Ownership: For Sale
Type: Unknown

Financials

Price:$3,150,000
Annual Taxes:$25,015

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.

Amenities

  • Fenced
  • MotionDetectors
  • Other
  • SecurityGate
  • SmokeDetectors

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Lamarca & Co. Inc