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About This Home
This 0-bedroom, 0-bathroom commercial at 3191 SW 23rd St in Miami, FL is listed for $1,950,000. Built in 1969, on a 0.17 acres lot.
Prime 6-unit multifamily investment opportunity in a high-demand Miami location, just minutes from Coral Gables, Coconut Grove, and Downtown. Property features a mix of 2-bedroom/1-bath and 1-bedroom/1-bath units on a 7,325 SF lot. Fully occupied with long-term tenants, providing stable in-place income.
Current rents are below market, offering significant value-add potential and strong upside through rent repositioning. Recent capital improvements include updated electrical panels, completed 40-year recertification, and hurricane shutters. Ample on-site parking with additional street parking. Centrally located with immediate access to major roadways, employment centers, and Miami International Airport. Pro forma cap rate available upon request.
Key Features
- Built in 1969
- 0.17 acre lot
Property Details
Monthly Cost Estimate
$10,429/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3191 SW 23rd St
Miami, FL 33145
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 3191 SW 23rd St is listed at $1,950,000. The estimated monthly payment is $8,450 based on 20% down at 6.5% interest.
Key features include: Built in 1969, 0.17 acre lot. Exterior Features: Storm/Security Shutters.
This property is listed by Hillevi Simon and can be reached at 9542753100 or realty@hillevisimon.com.
