About This Home
This 8-bedroom, 0-bathroom multi-family at 3191 SW 23rd St in Miami, FL is listed for $1,800,000 ($404 per sqft). Built in 1969, the home offers 4,452 sqft of living space on a N/A lot.
Key Features
- Built in 1969
- 2 stories
- 10 parking spaces
Property Details
Amenities
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.
Monthly Cost Estimate
$9,627/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3191 SW 23rd St
Miami, FL 33145
MIAMI SUBURBAN ACRES
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 8-bedroom, 0-bathroom multi-family at 3191 SW 23rd St is listed at $1,800,000 ($404/sqft). The estimated monthly payment is $9,627 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1969, 2 stories, 10 parking spaces. Exterior Features: Storm/Security Shutters.
This property is listed by Hillevi Simon and can be reached at 3056194435.
