Remodeled Apartment in North
For Sale
$190,000
17051 NE 23rd Ave 1J, North Miami Beach, FL 33160
Remodeled 2 bed, 1 bath apartment in North Miami Beach.
Property Size750 SF
Days on Market326
Property Features for 17051 NE 23rd Ave 1J
General Information
Standard status
Active
Size
750 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$2,082
Building Details
Building Size
750 SF
Year Built
1960
Stories
2
Listed By:
Myriam Fridman · License #0702957
(786) 344-3152
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 8
Last Checked: Oct 19 at 7:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Myriam Fridman
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Investment Insights
Based on property information with market context.
This remodeled apartment is located in North Miami Beach. The unit features 2 bedrooms and 1 bathroom. Local transportation is available. The property is situated steps from Biscayne Boulevard and 172nd Street. It is located in a fenced community with laundry facilities on-site. The building has passed the 40 years certification. Assigned parking is provided. The Homeowner Association fees are low, and there are no assessments. Investors can rent the unit immediately. The building is described as quiet. The unit is bigger than 750 square feet.
Key Highlights
- Remodeled 2 bed, 1 bath in North Miami Beach.
- Low HOA, no assessments, can rent right away making it an investor opportunity.
- Fenced community with assigned parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,534
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,680
$230.7K
Cap Rate 7%
$164,771
$164.8K
Cap Rate 9%
$128,156
$128.2K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$22.0K $29.28/SF
− Vacancy
−$988 −$1.32/SF
EGI
$21.0K $27.96/SF
− OpEx
−$9.4K −$12.58/SF
NOI
$11.5K $15.38/SF
Area
Miami-Dade County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,680
Cap Rate 7%
$164,771
Cap Rate 9%
$128,156
Alternative Uses
Best Use
Apartment 5plus
$164.8K
$144.2K – $192.2K
NOI $11,534 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.5K
$332.9K – $443.9K
NOI $26,635 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
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Business Placement
Demographics for 33160, FL
44,085
Population
33,749
Households
1.3
Avg Household Size
48
Median Age
49%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
10,019
Density / Sq Mi
$62,413
Median Household Income
$43,035
Median Earnings
$1,990
Median Rent
$360,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled 2 bed, 1 bath apartment in North Miami Beach.
Where is this apartment building located?
The property is located at 17051 NE 23rd Ave 1J North Miami Beach, FL.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Remodeled 2 bed, 1 bath in North Miami Beach.; Low HOA, no assessments, can rent right away making it an investor opportunity.; Fenced community with assigned parking.
