Ocean Beach Addn No 3 Fourplex For Sale
, Miami Beach, FL 33139

$3,150,000
New For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A11988379
  • Virtual Tour: YES
  • List Price: $3,150,000
  • Living Area: 3600 Ft² / 334 M²
  • Price Per Foot/Meter: $875 / $9,418
  • Taxes:$25,015
  • Year Built:1935
  • Listing Date:March 24, 2026

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.

Features


  • Floor:CeramicTile, Laminate
  • Exterior Feature:Awnings, SecurityHighImpactDoors

Location


Request Information
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Similar Properties


1622 Bay Rd
Miami Beach, FL 33139
  • MLS# A11707810
  • 4,042 sqft
  • $716 / sqft
$2,895,000