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1611-1615 Lenox Ave 1611-1615 Lenox Ave 9 Unit Apartment Building For Sale Miami Beach, FL 33139
Investment Highlights
- Renovated, income-generating short-term rental building with immediate cash flow
- Prime Lenox Avenue location near Lincoln Road and major lifestyle destinations
- Future development potential offering long-term upside alongside in-place income
- On-site parking lot, A rare and valuable amenity in Miami Beach
- Positioned in a supply-constrained corridor with strong demand fundamentals
Executive Summary
A renovated, income-generating asset in the heart of Miami Beach, currently operating as a short-term rental property with immediate cash flow. The offering also includes an on-site parking lot, a highly valuable component in this supply-constrained submarket that enhances both operating income and future redevelopment flexibility. Located just minutes from Lincoln Road and major lifestyle and hospitality destinations, the property is positioned within a corridor experiencing continued reinvestment and growth. In addition to stable in-place revenue, the site presents meaningful development potential, offering investors the rare opportunity to combine current income with long-term upside in one of Miami Beach’s most sought-after neighborhoods.
Property Facts
| Sale Type | Investment | Lot Size | 0.18 AC |
| No. Units | 9 | Building Size | 6,804 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | ||
| Zoning | RM-1 | ||
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,804 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Zoning | RM-1 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 420 |
| 2+1 | 1 | - | 870 |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02-3234-002-0130 | Improvements Assessment | $1,000 |
| Land Assessment | $1,600,000 | Total Assessment | $1,601,000 |
Property Taxes
Parcel Number
02-3234-002-0130
Land Assessment
$1,600,000
Improvements Assessment
$1,000
Total Assessment
$1,601,000
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1611-1615 Lenox Ave | 1611-1615 Lenox Ave
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