Rare chance to acquire two South Beach multifamily buildings totaling 29 units with completed 40-year recertifications and significant value-add potential. Both properties offer below-market rents and highly walkable locations, making this an ideal portfolio for investors seeking scale in a supply-constrained submarket.
846 Lenox Investment Highlights:
• 13 1BR/1BA units
• Covered parking (rare for the area)
• Built in the 1980s
• Gross income: $232,200
• Impact windows installed
• 40-year recertification completed
• Strong rental upside through renovations and repositioning
1333 Meridian Investment Highlights
• 16 units | 7,740 SF
• 12 studios + 4 one-bedroom units
• Current gross income: $289,500
• One vacancy = immediate upside
• 40-year recertification completed
• Strong value-add potential through rent repositioning
• Walkable South Beach location near Lincoln Rd and across from Flamingo Park