- $3,150,000
Description
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 Beach’s 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.
Address
Open on Google Maps-
Address: Lenox
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State/county: Miami-Dade
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Zip/Postal Code: 33139
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Area: Miami Beach
Details
Updated on August 21, 2026 at 12:53 am-
Property ID A12015557
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Price $3,150,000
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Land Area 0.17 Sq Ft
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Year Built 1935
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Type Multi Family
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Property Status Commercial Sale
Additional details
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BuildingAreaTotal 3600
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CLIP 1096489608
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ConstructionMaterials Block
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ContractStatusChangeDate 2026-05-08
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CumulativeDaysOnMarket 104
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CurrentPrice 3150000
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DaysOnMarket 104
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DaysOnMarketReplication 104
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DaysOnMarketReplicationDate 2026-08-20
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DaysOnMarketReplicationIncreasingYN 1
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DocumentsCount 0
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Flooring Ceramic Tile, Laminate
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InternetAddressDisplayYN 1
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InternetEntireListingDisplayYN 1
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ListAOR Miami REALTORS
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ListAgentAOR Miami Association of REALTORS
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ListAgentDirectPhone 305-781-7034
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ListAgentEmail alamarca@lamarcaandco.com
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ListAgentFirstName Antonieta
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ListAgentFullName Antonieta Jacqueline Lamarca
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ListAgentKey 26741980
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ListAgentKeyNumeric 26741980
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ListAgentLastName Lamarca
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ListAgentMiddleName Jacqueline
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ListAgentMlsId SEF3385753
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ListAgentNationalAssociationId 279614879
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ListAgentOfficePhone 305-781-7034
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ListAgentPreferredPhone 305-781-7034
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ListAgentStateLicense 3385753
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ListOfficeAOR Miami Association of REALTORS
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ListOfficeEmail lamarcaandco@gmail.com
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ListOfficeKey 5902785
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ListOfficeKeyNumeric 5902785
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ListOfficeMlsId SEFLMCA01
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ListOfficeName Lamarca & Co. Inc
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ListOfficePhone 305-781-7034
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ListingAgreement Exclusive Right To Sell
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ListingContractDate 2026-05-08
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ListingKey 1159680107
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ListingKeyNumeric 1159680107
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ListingTerms Cash, Conventional
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LotSizeArea 7500
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MLSAreaMajor 2420
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MajorChangeTimestamp May 8, 2026 at 12:00am
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MajorChangeType New Listing
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MapCoordinateSource Imported
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MlsStatus Active
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MobileDimUnits Feet
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ModificationTimestamp August 21, 2026 at 12:18am
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NumberOfBuildings 1
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OccupantType Tenant
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OnMarketDate 2026-05-08
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OnMarketTimestamp 2026-05-08T00:00:00.000-00:00
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OpenHouseModificationTimestamp 2026-08-20T20:17:29.230-00:00
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OriginalEntryTimestamp May 8, 2026 at 12:07pm
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OriginalListPrice 3150000
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OriginatingSystemID M00000151
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OriginatingSystemKey 579266562
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OriginatingSystemListAgentMemberKey 1179540
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OriginatingSystemListOfficeKey 1261838
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OriginatingSystemModificationTimestamp 2026-08-20T20:17:29.230-00:00
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OriginatingSystemName BEACH
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OriginatingSystemSubName BEACH_MIAMI
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ParcelNumber 0242030097770
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ParkingFeatures On Street
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ParkingTotal 0
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Permission IDX
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PhotosChangeTimestamp August 21, 2026 at 12:18am
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PhotosCount 26
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Possession Negotiable
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PostalCity Miami Beach
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PostalCode 33139
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PostalCodePlus4 5966
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PropertySubTypeAdditional Multi Family
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PublicSurveyTownship 2
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Roof Barrel
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SecurityFeatures Security Gate, Motion Detectors, Other, Smoke Detector(s), Security Fence
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SourceSystemID TRESTLE
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SourceSystemKey 1159680107
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SourceSystemName flexmls
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SpecialListingConditions Corporate Listing
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StateOrProvince FL
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StatusChangeTimestamp May 8, 2026 at 12:00am
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StreetName Lenox
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StreetNumber 645
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StreetNumberNumeric 645
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StreetSuffix Avenue
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TaxAnnualAmount 25015
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TaxLegalDescription 3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 14 BLK 97 LOT SIZE 50.000 X 150
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UniversalPropertyId US-12025-N-0242030097770-R-N
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VideosChangeTimestamp 2026-08-21T00:18:55.323-00:00
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VideosCount 0
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Zoning 3900
Overview
- Multi Family
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