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$3,150,000
Est. payment /mo
3,600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $875
MLS Listing ID A11988528
Maintenance Fees $2,400
HOA Y/N No
Year Built 1935
Annual Tax Amount $25,015
Tax Year 2025
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
Property Description
Premier Investment Opportunity: Stabilized 6-Unit Multifamily in South Beach. This turnkey asset at 645 Lenox Ave features 6 uniform 650 SF units with functional, identical layouts. Property is being sold in "As-Is" condition. It offers a lean operational structure with separate electric meters for each unit, allowing tenants to pay their own electricity. Boasting a Gross Annual Income of $170,400 based on 2026 actuals. High Investment Security: The property officially received its 10-Year Building Recertification (Miami-Dade Ordinance 8-11(f)), valid until 2035. This ensures structural and electrical safety, significantly reducing the risk of unexpected special assessments. AAA Location: Steps from the 500 Alton Project, a new 3-acre park, Baptist Health Center, and Publix. The property sits on a 7,500 SF lot with RM-1 Zoning. All units come fully furnished with an inventory list. Ideal for investors seeking immediate cash flow and long-term appreciation in a supply-constrained market.
Location
State FL
County Miami-dade
Area 42
Interior
Flooring Ceramic Tile, Laminate
Exterior
Roof Type Barrel
Private Pool Yes
Building
Structure Type Block
Others
HOA Name Lamarca & Co Inc
Tax ID 02-42-03-009-7770
Security Features Fenced,Security Gate,Motion Detectors,Other,Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Corporate Listing
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11988528
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Listed by Lamarca & Co. Inc