2640 NW 23rd Ct, Miami, FL 33142 — MLS photo

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2640 NW 23rd Ct, Miami, FL 33142

Active · SingleFamilyResidence

$600,000

2640 NW 23rd Ct, Miami, FL 33142

Beds
2
Baths
1
Living area
728 sq ft
$ / sq ft
$824/sq ft
Year built
1955
Lot size
2,700 sq ft
HOA fee
—
Annual tax
—

About this property

Investor special. Rare twin-home duplex opportunity featuring two separate folios. Each unit offers 2 bedrooms, 1 bathroom, and approximately 728 SF. Property sits on an approx. 5,400 SF combined lot with T4 Multi-Family zoning, offering strong redevelopment potential. Built in 1955 with a functional roof; interiors require renovation, making this an ideal value-add opportunity for investors, developers, or end users. Excellent options for renovation and resale, long-term rental income, or future development. Centrally located near Wynwood, Downtown Miami, and the Health District with easy access to major highways, shopping, dining, and employment centers. Great opportunity in one of Miami’s rapidly growing redevelopment corridors.

Property location

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2640 NW 23rd Ct, Miami, FL 33142

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Facts & features

Interior

Bedrooms
2
Bathrooms
1
Living area
728 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1955
Lot size
2,700 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Miami-Dade
MLS listing ID
A12019605
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

-$1,480

Cap rate
2.7%
Net yield
2.7%
Cash-on-cash return
-10.6%
Gross yield
5.9%
Mortgage payment
$2,844/mo
Down payment
$150,000
Loan amount
$450,000
Annual NOI
$16,368

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.