Interior
- Bathrooms
- 0
- Living area
- 1,641 sq ft
Active · Duplex
$639,000
404 NW 23rd Ct, Miami, FL 33125
- Beds
- —
- Baths
- 0
- Living area
- 1,641 sq ft
- $ / sq ft
- $389/sq ft
- Year built
- 1938
- Lot size
- —
- HOA fee
- —
- Annual tax
- —
About this property
Located in the heart of Miami, this property presents an opportunity for investors, homebuyers, & developers alike. This site combines the rare advantages of a two-unit main residence & an additional efficiency unit in a generously sized lot teeming with possibilities for future growth and customization. The main structure consists of two distinct units, one with a 2/1 ratio and the other a 1/1 ratio. Property Type: Multi-family residential. Units: 2 main units plus 1 efficiency. Lot Size: Spacious lot with growth potential. T3-O Miami Zoning. Expansion, redevelopment, and rental income for 3-unit development sites. Minutes from downtown Miami. Proximity to Wynwood, Brickell, and Midtown. Nearby educational institutions and healthcare facilities. Accessible parks & recreational areas.
Property location
Get Directions404 NW 23rd Ct, Miami, FL 33125
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Facts & features
Exterior & Structure
- Property type
- Duplex
- Year built
- 1938
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Miami-Dade
- MLS listing ID
- A11866655
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$174
- Cap rate
- 5.4%
- Net yield
- 5.4%
- Cash-on-cash return
- -1.2%
- Gross yield
- 8.8%
- Mortgage payment
- $3,029/mo
- Down payment
- $159,750
- Loan amount
- $479,250
- Annual NOI
- $34,265
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.