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    2637 23Rd Ct Miami, FL 33142

    For Sale
    $699,999

    Miami Duplex, Great Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This charming 1959-built duplex in Miami's desirable Allapatah neighborhood presents a fantastic investment opportunity. Priced at $699,999, this property offers two units, each featuring one bedroom, one full bathroom, and a den that could easily function as a second bedroom. Both units are equipped with split and wall air conditioning systems, ensuring year-round comfort. The property boasts impact doors and windows throughout, providing enhanced security and protection. Ample parking is available, accommodating 4-6 vehicles. The kitchens feature brown cabinets, and a fully permitted concrete block storage unit with electrical wiring adds valuable extra space. The property is situated in a T4-R zoning area, allowing for the potential conversion into a triplex, increasing rental income. Currently occupied by good tenants, this duplex offers immediate cash flow and significant upside potential. The property's location in Allapatah provides easy access to Miami's vibrant city life. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly sought-after area. Don't miss out on this exceptional investment.

    Property Features for 2637 23Rd Ct

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1959

    HighLights

    • $699,999 asking price.
    • Multifamily property, specifically a duplex/triplex/quadruplex apartment building.
    • Built in 1959, one‑story structure.
    • Located at 2637 NW 23rd Ct, Miami, FL 33142, in the Allapattah neighborhood.
    • Each unit features one bedroom, one bathroom, and a den (convertible to a second bedroom).
    • Features include split and wall AC units, impact doors and windows, and parking for 4‑6 cars.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2345918
    Latitude
    25.8007217

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    FAQs

    What type of property is this?
    Multifamily property - Miami Duplex, Great Investment Opportunity
    Where is this multifamily property located?
    The property is located at 2637 23Rd Ct Miami, FL.
    What is the asking price?
    The asking price for this property is $699,999.
    What are key features of this property?
    This property features: $699,999 asking price.; Multifamily property, specifically a duplex/triplex/quadruplex apartment building.; Built in 1959, one-story structure.
    Request Owner's contact information
    2637 23Rd Ct Miami, FL 33142
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    Miami, FL 33142
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2637 23Rd Ct Miami, FL 33142
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