1020 23Rd Ave Miami, FL 33135
- Commercial real estate
- 5,904 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1020 23Rd Ave
- Year built
- 1928
- Property size
- 5,904 SF
- Property type
- Commercial real estate
Description
This exceptional multifamily property, located at 1020 SW 23rd Ave in Miami, Florida, presents a compelling investment opportunity. The 5,904 square foot building, constructed in 1928 and situated on a double lot, comprises eight fully leased one-bedroom, one-bathroom units. Recent renovations have significantly enhanced the property's value and longevity, including the installation of impact windows, a new plumbing system, updated electrical wiring, reinforced floors, and a new foundation. Residents benefit from secure, electronically gated on-site parking, a rare amenity in this desirable area. The property's prime location in Little Havana offers convenient access to major employment centers such as Brickell, Downtown Miami, and Coral Gables. Furthermore, its proximity to Bryan Park's new pickleball courts and the vibrant 8th Street adds to its appeal. The building's strong occupancy rate and commanding rental income, combined with its location in a low-density community, make this a highly attractive investment prospect. The asking price for this turnkey multifamily asset is $2,200,000. The property is a two-story building within Miami-Dade County, zip code 33135.
Value Estimations
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AI approach
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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
- -80.233
- Latitude
- 25.7633