650 Lenox Ave Miami Beach, FL 33139
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.