2740 SW 23rd St

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.

Overview

Property Status

For Sale

MLS ID

A11920863

Property Type

Multi-Family

Year Built

1988

Features & Amenities

Total Area

5,696 Sq.Ft.

Architecture Styles

Attached

Stories

Roof

Barrel Roof

Lot Features

Less Than 1/4 Acre Lot

Heat Type

Central, Window/Wall

Air Conditioning

Central Air, Wall/Window Unit(s)

Sewer

Public Sewer

Sales Price

$1,449,000

Real Estate Tax

$21,681/yr

Zoning

5700

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