635 Lenox Ave ,Other, Quadruplex, Ocean Beach Addn No 3 for Sale

635 Lenox Ave for Sale

Price $1,980,000.00

• Lot size 2926
• Year Build 1938
• Waterfront
• Zip 33139
• Style Other
• Parking Description
• Pool Yes
• Status Active

Description

Ideal 1031 Exchange or Developer Deal - 2-Story Multi family 4-unit apartment building with plans approved by the City of Miami Beach for an additional 7 units. 7,500 SF of Miami Beach land. Easy access from back alley/street for development of additional rental units. Zoning review provided by Studio X architects available upon request. At 6th & Lenox. Walking distance to Beaches, shopping and Restaurants in prime Miami Beach location / S of 5ht Street area/ SOFI neighborhood. Building is Fully occupied but rent has never been increased for several years. Priced based upon Redevelopment Potential and not in-place income.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11399176 Showings during due diligence only. Contact agents for interior photos to preview as well as financial model. Please do not walk onto the property or talk with tenants. Fully leased.

OCEAN BEACH ADD NO 3 PB 2-81 LOT 13 BLK 97 LOT SIZE 50.000 X 150 OR 13643-1441 0488 4 COC 24121-0505 10 2005 5

Less Than 1/4 Acre Lot

Ideal 1031 Exchange or Developer Deal - 2-Story Multi family 4-unit apartment building with plans approved by the City of Miami Beach for an additional 7 units. 7,500 SF of Miami Beach land. Easy access from back alley/street for development of additional rental units. Zoning review provided by Studio X architects available upon request. At 6th & Lenox. Walking distance to Beaches, shopping and Restaurants in prime Miami Beach location / S of 5ht Street area/ SOFI neighborhood. Building is Fully occupied but rent has never been increased for several years. Priced based upon Redevelopment Potential and not in-place income.

City:Miami Beach,Zoning:3900,Cooling:1:Wall/Window Unit(s),List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2022,Latitude:25.7764275,Cooling Y N:1,Heating Y N:1,List Price:1980000,Listing Id:A11399176,Longitude:-80.1393246,Mls Status:Active,Year Built:1938,Directions:1 Block East of Alton, btwn 5th and 7th Lenox. Around the corner from the new Baptist Health.,Living Area:2926,Postal Code:33139,Street Name:Lenox Ave,Coordinates:1:25.7764275,Photos Count:2,Building Name:OCEAN BEACH ADDN NO 3,Lot Size Units:Square Feet,M L S Area Major:Ocean Beach Addn No 3,On Market Date:2023-06-08,Parcel Number:02-42-03-009-7760,Property Type:Residential Income,Rent Includes:1:Trash Collection,2:Water,Stories Total:2,Street Number:635,M I A M I R E_ Style:Fourplex,Public Remarks:Ideal 1031 Exchange or Developer Deal - 2-Story Multi family 4-unit apartment building with plans approved by the City of Miami Beach for an additional 7 units. 7,500 SF of Miami Beach land. Easy access from back alley/street for development of additional rental units. Zoning review provided by Studio X architects available upon request. At 6th & Lenox. Walking distance to Beaches, shopping and Restaurants in prime Miami Beach location / S of 5ht Street area/ SOFI neighborhood. Building is Fully occupied but rent has never been increased for several years. Priced based upon Redevelopment Potential and not in-place income.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2024-05-29,List Office Name:Douglas Elliman,Standard Status:Coming Soon,Living Area Units:Square Feet,Postal Code Plus4:5957,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:OCEAN BEACH ADDN NO 3,Tax Annual Amount:19323,Unparsed Address:635 Lenox Ave, Miami Beach FL 33139,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:2926,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:885.1675,Original List Price:2590000,Public Survey Range:42,I D X Participation Y N:1,Number Of Units Total:4,Syndication Remarks:Ideal 1031 Exchange or Developer Deal - 2-Story Multi family 4-unit apartment building with plans approved by the City of Miami Beach for an additional 7 units. 7,500 SF of Miami Beach land. Easy access from back alley/street for development of additional rental units. Zoning review provided by Studio X architects available upon request. At 6th & Lenox. Walking distance to Beaches, shopping and Restaurants in prime Miami Beach location / S of 5ht Street area/ SOFI neighborhood. Building is Fully occupied but rent has never been increased for several years. Priced based upon Redevelopment Potential and not in-place income.,Listing Contract Date:2023-06-08,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:Call Listing Agent,Street Number Numeric:635,Tax Legal Description:OCEAN BEACH ADD NO 3 PB 2-81 LOT 13 BLK 97 LOT SIZE 50.000 X 150 OR 13643-1441 0488 4 COC 24121-0505 10 2005 5,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3%,M I A M I R E_ Adjusted Area S F:2565,Contract Status Change Date:2023-06-16,Internet Address Display Y N:1,Number Of Units In Community:4,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:885.17,