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Property profile & analytics
OFF-MARKET
Small apartment buildings

660 Lenox Ave Miami Beach, FL 33139

Built 1955
Property ID
US18-0317805
Property summary
AI-generated overview

This exceptional four-unit apartment building, located at 660 Lenox Ave in Miami Beach, Florida (zip code 33139), presents a compelling investment opportunity. Built in 1955 and boasting two stories, this property offers a solid foundation for immediate income generation. The asking price is $2,200,000. Each of the four units has been completely remodeled, ensuring high occupancy rates and minimizing maintenance needs. The building is equipped with impact windows, providing both security and energy efficiency, further reducing operational costs for the owner. Situated in the heart of South Beach, this property benefits from a prime location with high demand for rental units. The property's strong rental history and low maintenance requirements make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture in a desirable Miami Beach location. The property's address is easily accessible via major roadways and is within close proximity to South Beach's vibrant attractions, restaurants, and nightlife. This is a turnkey opportunity to acquire a well-maintained, income-producing multifamily property in a highly sought-after area of Miami Beach. The property's solid construction and recent renovations ensure long-term value and potential for appreciation.

Property profile
Verified
Property type Small apartment buildings
Year built 1955
UPID US18-0317805
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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