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1535 Lenox Ave
Miami Beach, FL 33139 Flamingo

$2,350,000 USD

Apartments For Sale  •  5,685 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,685 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1940
  • Cap Rate 1.27 %
  • Zoning RM-1
55 Transit Score
97 Walk Score

Highlights

Highly Sought After South Beach Location
Extremely Strong Rental Market
Walking proximity to Lincoln Road Mall and Alton Road
Attractive Unit Mix of Studios, 1-Bedroom and 2-Bedroom Units
Ability to Increase Rental Rates
Many New Developments in the Area

Property Flyers

Financial Summary (Actual)

Net Operating Income: $29,917 USD (2024)
Cap Rate: 1.27 %
Total Expenses: $83,398 USD

Amenities

  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
11 min - 5.3 mi
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 12 min - 5.4 mi
AirportDriveWalkDistance
Miami International 29 min - 15.5 mi
Fort Lauderdale/Hollywood International 40 min - 26.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Felipe Echarte 954-529-3017 Marcus & Millichap
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