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Property profile & analytics
OFF-MARKET
Small apartment buildings

18502 23Rd Ct Miami Gardens, FL 33056

Built 1960
Property ID
US18-8016035
Property summary
AI-generated overview

This exceptional 1-story, 4-plex apartment building in Miami Gardens, Florida, presents a compelling investment opportunity. Built in 1960 and located at 18502 NW 23rd Ct, Miami Gardens, FL 33056, this property boasts a strong rental income of $6200 per month. The main unit features three bedrooms and a laundry facility, while the three additional units have been recently updated, featuring modern kitchens and bathrooms designed for tenant appeal. Significant upgrades enhance both efficiency and value, including a new roof, solar panels for reduced energy costs, and water filtration systems to lower utility expenses. Each unit provides residents with the added benefit of a private fenced-in yard, offering privacy and security. This property is situated in the vibrant Miami Gardens real estate market, promising both immediate returns and substantial long-term growth potential. The property is classified as a Multifamily, Apartment Building, Duplex/Triplex/Quadruplex. This is a turnkey investment ready for a new owner. The asking price is $725,000.

Property profile
Verified
Property type Small apartment buildings
Year built 1960
UPID US18-8016035
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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