$1,449,000

$304/sq ft

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Overview

Year Built

1988

Sqft

4761

Property Type

Duplex

Property Description

Exceptional investment opportunity delivering a strong cap rate with long-term tenants already in place. All units are on month-to-month leases, providing immediate flexibility to reposition, raise rents, or redevelop in a high-barrier, high-demand market. Built in 1988, this concrete construction with PVC plumbing offers approximately 5,000 sq ft of living area on a 7,500 sq ft duplex-zoned lot. The property provides an impressive footprint and scale that are rarely available in this corridor. Situated in the booming Silver Bluff neighborhood—directly across from Publix and just minutes from COCONUT GROVE AND CORAL GABLES—the location is a premium rental zone with extremely limited affordable inventory. This ensures constant tenant demand and virtually zero vacancy risk. Multi-year tenants provide proven cash-flow stability, while the 3-story new-construction townhomes rising directly behind the property highlight the area’s rapid appreciation. This is a rare opportunity to secure a large, high-performing asset with substantial upside from day one.

Property Details

MLS#

A11920863

Total Floor in Bldg

2

Address

2740 23rd St SW

City

Miami

State/county

FL

Zip/Postal Code

33145

Area

Amnd Miami Suburban Acres

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$21,681

Maint Fee

$--

Tax Year

2024

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