For Sale
$2,550,000

650 Lenox Ave Miami Beach, FL 33139

Four-unit, renovated apartment building.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a fully occupied, four-unit apartment building situated in the desirable Ocean Beach Addition No. 3 neighborhood of Miami Beach, Florida. The property, located at 650 Lenox Avenue, boasts a prime location and comprises two duplexes, each with its own folio, offering the flexibility of selling together or separately for a combined asking price of $2,550,000. Constructed in 1955 and spanning two stories, the building has undergone a complete renovation, featuring brand new kitchens and flooring throughout all four units. Modern impact windows enhance both energy efficiency and security. Each unit includes its own laundry facilities, a significant convenience for tenants. The property's strong occupancy rate and desirable location in Miami Beach, combined with the recent renovations, make this a compelling investment prospect with excellent potential for future returns. The 33139 zip code further underscores the property's prime location within Miami-Dade County. This is a rare chance to acquire a well-maintained, income-generating multifamily property in a highly sought-after area.

Property Details for 650 Lenox Ave

Property type
Apartment buildings, Small apartment buildings
Year Built
1955
Stories
2
Units
4

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.7766609
Longitude
-80.139809

FAQs

What type of property is this?
Apartment building - Four-unit, renovated apartment building.
Where is the apartment building located?
The property is located at 650 Lenox Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,550,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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650 Lenox Ave
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