Lenox Manor. Pro Forma: NOI $120k, Cap Rate 5.47%. RM-1 Zoning. Make a solid investment with this South Beach multifamily opportunity. An 8-Unit Mediterranean Villa architecture with manicured courtyard, extensive capital improvements completed, 40-Year recertification, updated windows & doors, and fully leased.
Rare find, get into the South Beach market! 1-Bed/1Bath units +/- 500 SF each. Walk up entrances, secure gated entry, and off-street /onsite parking for residents. Washer and Dryers in units, several newer central A/C systems already in place.
Showings Available: Wednesday, March 9th @ 2-3 pm & Thursday, March 10th @ 2-3 pm
DO NOT WALK THE PROPERTY. DO. NOT DISTURB THE TENANTS.
Managed by reLEASE Miami
Air Conditioning: Central Individual A/C, Wall/Window Unit(s)
Sewer: Public Sanitation
Substructure: Concrete Block Construction
Security Features: Security Fence, Security Gate
Sales Price: $2,350,000
Real Estate Tax: $27,691
814 Lenox Ave
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Client testimonies and numerous sale achievements have acknowledged the group’s efficiency, highly effective negotiation skills & ability to creatively structure deals through challenging circumstances.