3191 SW 23rd St, Miami FL 33145

About This Property

Prime 6-unit multifamily investment opportunity in a high-demand Miami location, just minutes from Coral Gables, Coconut Grove, and Downtown. Property features a mix of 2-bedroom/1-bath and 1-bedroom/1-bath units on a 7,325 SF lot. Fully occupied with long-term tenants, providing stable in-place income. Current rents are below market, offering significant value-add potential and strong upside through rent repositioning. Recent capital improvements include updated electrical panels, completed 40-year recertification, and hurricane shutters. Ample on-site parking with additional street parking. Centrally located with immediate access to major roadways, employment centers, and Miami International Airport. Pro forma cap rate available upon request.

Property Details

Property Type

Income/MultiFamily

Status

Active

MLS #

A11991115

Building Area

4,452 SF

Lot Size

7,325 SF

Year Built

1969

Zoning

5700

Days on Market

73

Price

$1,800,000