2740 SW 23rd St - Apartments FOR SALE


Miami, FL 33145- Coral Way
$1,449,000 USD
305-450-9133
2740 SW 23rd St, Miami, FL for Sale
$1,449,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

2740 SW 23rd St
Miami, FL 33145
Coral Way


HIGHLIGHTS

  • A++ Location nextdoor to Publix minutes from Coral Gables & Coconut Grove
  • 7500sf lot zoned T-30 (Can redevelop into 3-story Townhouses)
  • CASHCOW grossing 11k mo w/ upside
  • 1988 Construction PVC plumbing and newer AC's

OVERVIEW

Rarely available investment opportunity in desirable Silver Bluff delivering a non-conforming 7 unit w/ a strong cap rate and 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.

FOR SALE DETAILS

PRICE

$1,449,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

7

PRICE/UNIT

$207,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$11k gross income - Minutes to Grove & Gables

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

T3-0

APN/PARCEL ID

01-4116-009-5570

ASK ABOUT THIS PROPERTY

305-450-9133

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305-450-9133

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