About This Property

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.

Key Features

• Built in 1935

Property Details

• Type: Single Family Home
• Year Built: 1935
• Sq Ft: 3,600
• Price / Sq Ft: $875
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: Built in 1935
• Status: Active
• MLS Number: 1155758619
• Days on Market: 14
• Listed By: MLS Listing
• Zip Code: 33139