525 23Rd Ct Miami, FL 33125
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 525 23Rd Ct
- Year built
- 1947
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a charming two-unit duplex ideally situated in Miami, Florida. Built in 1947, this two-story building boasts a total of two units, each featuring two bedrooms and one bathroom. The property includes a convenient on-site laundry facility and ample parking with four designated spots. A sizable backyard adds to the property's appeal. The downstairs unit has undergone a complete renovation, showcasing modern updates. The property is constructed of concrete block, ensuring durability and longevity. Independent electrical meters provide efficient utility management for each unit. Located at 525 NW 23rd Ct, Miami, FL 33125, this property enjoys an enviable location, less than three miles from Miami International Airport, Wynwood, Downtown Miami, Brickell, Coconut Grove, and Coral Gables. The property's significant upside potential is highlighted by its zoning, which allows for substantial expansion. The existing structure could easily be doubled in size, adding an additional 1500 square feet, and further expansion up to 4,480 square feet is permissible under current zoning regulations. This presents a unique chance to significantly increase the property's value and rental income. Offered at $697,000, this duplex represents a compelling investment opportunity in a rapidly appreciating Miami market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2333442
- Latitude
- 25.7784469
