
Premier Investment Opportunity | Fully Stabilized 6-Unit Multifamily Asset in the Heart of South BeachExceptional turnkey investment opportunity at 645 Lenox Ave featuring six well-maintained and fully furnished 650 SF units, all with efficient and identical floor plans designed for streamlined management and operational efficiency. Offered in As-Is condition, this asset presents immediate income generation with strong long-term upside potential.The property currently produces a Gross Annual Inc...Premier Investment Opportunity | Fully Stabilized 6-Unit Multifamily Asset in the Heart of South BeachExceptional turnkey investment opportunity at 645 Lenox Ave featuring six well-maintained and fully furnished 650 SF units, all with efficient and identical floor plans designed for streamlined management and operational efficiency. Offered in As-Is condition, this asset presents immediate income generation with strong long-term upside potential.The property currently produces a Gross Annual Income of approximately $170,400 based on 2026 actual income figures, delivering stable cash flow in one of Miami Beachs most desirable and supply-constrained rental markets.Investor-Friendly Features Include:¢ Separate electric meters for each unit, minimizing owner expenses ¢ Units included with inventory list for a seamless transition¢ Uniform layouts and low-maintenance management structure¢ 7,500 SF lot with RM-1 zoning offering long-term intrinsic land valueLong-Term Investment Security:The building has completed and received its 10-Year Recertification in accordance with Miami-Dade Ordinance 8-11(f), valid through 2035. This provides added confidence regarding structural and electrical compliance reducing the likelihood of near-term capital assessment exposure.Prime South Beach Location: Ideally positioned just steps from the transformative 500 Alton development, the new 3-acre public park, Baptist Health Center, Publix, and major lifestyle destinations.
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Agency Name: Lamarca & Co. Inc
Agent Name: Antonieta Lamarca
Agency Phone: 305-781-7034
Presented by
Agency Title: The Keyes Company
Agency Phone:
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645 Lenox Ave , Miami Beach, FL 33139.
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