650 Lenox Ave Miami Beach, FL 33139
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 650 Lenox Ave
- Year built
- 1955
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a fully occupied, four-unit apartment building situated in the desirable Ocean Beach Addition No. 3 neighborhood of Miami Beach, Florida. The property, located at 650 Lenox Avenue, boasts a prime location and comprises two duplexes, each with its own folio, offering the flexibility of selling together or separately for a combined asking price of $2,550,000. Constructed in 1955 and spanning two stories, the building has undergone a complete renovation, featuring brand new kitchens and flooring throughout all four units. Modern impact windows enhance both energy efficiency and security. Each unit includes its own laundry facilities, a significant convenience for tenants. The property's strong occupancy rate and desirable location in Miami Beach, combined with the recent renovations, make this a compelling investment prospect with excellent potential for future returns. The 33139 zip code further underscores the property's prime location within Miami-Dade County. This is a rare chance to acquire a well-maintained, income-generating multifamily property in a highly sought-after area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.139809
- Latitude
- 25.7766609
