Miami Multifamily Investment
3191 SW 23rd St Miami, FL 33145
For Sale
$1,800,000
Six-unit multifamily property in Miami with value-add potential.
Lot Size0.17 Acres
Days on Market100
Property Features for 3191 SW 23rd St
General Information
- Standard status
- Active
- Lot size
- 0.17 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1969
Listing Agency:
Roger Portaro
(305) 619-4435
Listed By:
Hillevi Simon · License #3306526
(305) 619-4435
Source:
Elliman
Added: Apr 15
Changed: Jul 10
Last Checked: Jul 23 at 12:02PM
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 Roger Portaro
Investment Insights
Based on property information with market context.
This six-unit multifamily property presents an investment opportunity in Miami, situated minutes from Coral Gables, Coconut Grove, and Downtown. The property, located on a 7,325 square foot lot, features a mix of two-bedroom, one-bath and one-bedroom, one-bath units. The property is fully occupied with long-term tenants, providing in-place income. Current rents are below market, suggesting potential for increased value through rent repositioning. Recent capital improvements include updated electrical panels, completion of the 40-year recertification, and installation of hurricane shutters. On-site parking is available, supplemented by street parking. The location provides access to major roadways, employment centers, and Miami International Airport. The property has a walk score of 90, indicating it is a 'Walker's Paradise'. The bike score is 59, indicating it is 'Bikeable'. The transit score is 47, indicating 'Some Transit' is available.
Key Highlights
- Prime multifamily investment opportunity in a high‑demand Miami location.
- Fully occupied with long‑term tenants, providing stable in‑place income.
- Significant value‑add potential through rent repositioning (current rents below market).
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property in Miami with value-add potential.
Where is this apartment building located?
The property is located at 3191 SW 23rd St Miami, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime multifamily investment opportunity in a high‑demand Miami location.; Fully occupied with long‑term tenants, providing stable in‑place income.; Significant value‑add potential through rent repositioning (current rents below market).
