South Beach Multifamily
645 Lenox Ave Miami Beach, FL 33139
645 Lenox Ave, Miami Beach, FL, 33139
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For Sale
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Fully stabilized 6-unit multifamily asset in prime South Beach location.
Property Size3,600 SF
Lot Size7,500.00 Acres
Price / SF$875
Days on Market71
Property Features for 645 Lenox Ave
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 7,500.00 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1935
Listing Agency
Lamarca & Co. Inc
Listed by
Antonieta Lamarca · License #3385753
Source
Crexi
Added: May 9 Checked: Jul 18 at 2:03 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lamarca & Co. Inc
Investment Insights
Based on property information with market context.
This is a fully stabilized 6-unit multifamily asset located in the heart of South Beach. The property features six well-maintained and fully furnished 650 SF units, all with efficient and identical floor plans designed for streamlined management and operational efficiency. The property is offered in “As-Is” condition and presents immediate income generation with long-term upside potential. The property currently produces a Gross Annual Income of approximately $170,400 based on 2026 actual income figures. Each unit has separate electric meters, minimizing owner expenses. The units include an inventory list for a seamless transition. The property has uniform layouts and a low-maintenance management structure. The 7,500 SF lot has RM-1 zoning offering long-term intrinsic land value. The building has completed and received its 10-Year Recertification in accordance with Miami-Dade Ordinance 8-11(f), valid through 2035. The property is ideally positioned just steps from the transformative 500 Alton development, the new 3-acre public park, Baptist Health Center, and Publix.
Key Highlights
- Fully stabilized 6‑unit multifamily asset generating approximately $170,400 gross annual income.
- Prime South Beach location steps from 500 Alton development, new park, Baptist Health Center, and Publix.
- 10‑Year Recertification completed and valid through 2035, ensuring structural and electrical compliance.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Fully stabilized 6-unit multifamily asset in prime South Beach location.
Where is this apartment building located?
The property is located at 645 Lenox Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Fully stabilized 6‑unit multifamily asset generating approximately $170,400 gross annual income.; Prime South Beach location steps from 500 Alton development, new park, Baptist Health Center, and Publix.; 10‑Year Recertification completed and valid through 2035, ensuring structural and electrical compliance.
