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Property profile & analytics
OFF-MARKET
Small apartment buildings

650 Lenox Ave Miami Beach, FL 33139

Built 1955
Property ID
US18-9836685
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Small apartment buildings
Year built 1955
UPID US18-9836685
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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