Three-Unit Short-Term Rental
New
For Sale
$999,000
2453 Sw 17th St, Miami, FL 33145
Three separately entered residences include a detached cottage, private patios, and gated parking.
Property Size2,703 SF
Price / SF$451.83
Days on Market6
Property Features for 2453 Sw 17th St
General Information
Standard status
Active
Size
2,703 SF
Property subtype
Residential Income
Zoning
5700
Site & Location
Neighborhood
Shenandoah South
Units
Unit Mix
1 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$13,261
Amenities
private patios
washer/dryer
gated parking
Ceramic Tile,Laminate
3
true
< 1/4 Acre
6
false
2703
Building Details
Building Size
2,703 SF
Year Built
1924
Stories
1
Listing Agency:
(786) 744-4615
Listed By:
Dariel Paula
Source:
Lacostahomesrealty
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 29 at 6:18AM
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 Dariel Paula
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Investment Insights
Based on property information with market context.
Configured as three independent residences, this 2,211-square-foot property includes a front home with 3 bedrooms and 2 bathrooms, a separate 1-bedroom, 1-bathroom residence behind it, and a detached rear cottage with 1 bedroom and 1 bathroom. Each unit has its own entrance. The home was built in 1924 and received a new roof in 2024.
The property has two private patios, two washer-and-dryer sets, and a large gated parking area. The front residence is operated as a full-time Airbnb, and the owner uses the property for short-term rentals.
The property has two private patios, two washer-and-dryer sets, and a large gated parking area. The front residence is operated as a full-time Airbnb, and the owner uses the property for short-term rentals.
Key Highlights
- Three residences with independent entrances
- Front unit: 3 bedrooms and 2 bathrooms; back residence and detached cottage each have 1 bedroom and 1 bathroom
- 2,211 square feet; built in 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,343
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,860
$886.9K
Cap Rate 7%
$633,471
$633.5K
Cap Rate 9%
$492,700
$492.7K
Market Conditions
NOI Build-Up for 2,211 SF
Gross rent
$67.7K $30.60/SF
− Vacancy
−$4.3K −$1.95/SF
EGI
$63.3K $28.65/SF
− OpEx
−$19.0K −$8.60/SF
NOI
$44.3K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,860
Cap Rate 7%
$633,471
Cap Rate 9%
$492,700
Alternative Uses
Best Use
Multifamily LT 5
$633.5K
$554.3K – $739.1K
NOI $44,343 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$583.5K
$510.6K – $680.8K
NOI $40,845 @ 7.0% cap · market cap 4.09%
Theoretical Best
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,471 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,467
Businesses Nearby
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Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Three separately entered residences include a detached cottage, private patios, and gated parking.
Where is this short term rental property located?
The property is located at 2453 Sw 17th St Miami, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three residences with independent entrances; Front unit: 3 bedrooms and 2 bathrooms; back residence and detached cottage each have 1 bedroom and 1 bathroom; 2,211 square feet; built in 1924
