Price Reduced 4.31%
Price History
$720,000
4/16/2026
$689,000
5/19/2026
2637 NW 23rd Ct, Miami, FL, 33142
1959
2,003 sqft
INCOME-PRODUCING DUPLEX WITH TRIPLEX POTENTIAL IN PRIME MIAMI LOCATION (T4-R ZONING) Excellent opportunity to own a cash-flowing duplex in the heart of Miami’s rapidly growing Allapattah area. The property features two 1 bedroom, 1 bathroom + den units, with the den easily convertible into a second bedroom, maximizing both usability and rental potential. Both units are currently occupied, generating $3,400/month in rental income. Current rents are $1,700 per unit, below market value, offering immediate upside through rental increases. The property has undergone extensive recent improvements, including full exterior stucco and paint, roof improvements in 2025, a leveled backyard with new landscaping and turf, and a new chain link fence. Interior updates include fresh paint, a new refrigerator, updated bathroom vanity and toilet, and a new split A/C unit. A standout feature is the detached CBS structure with electrical already in place, providing a near turnkey opportunity to convert into a fully separate third unit. Architectural plans are available, giving the next owner a clear path to expansion without starting from scratch. Zoned T4-R, allowing up to 4 units, with parking up to 6 vehicles. Centrally located just minutes from Wynwood, the Design District, Brickell, and MIA Airport. In-place income, below-market rents ready to be increased, and a near-complete third unit position this property for a significant increase in cash flow and overall return.
Status:
Active
Type:
Multi-family
Zoning:
3900
Subdivision:
WESTHAVEN
Heating:
Other, Wall Furnace
Cooling:
Electric, Wall/Window Unit(s)
Parking:
6-car
Est. Taxes:
$9,426
Construction
Block
Utilities
Cable Available
Lot Description:
< 1/4 Acre
Days on Market:
33
Pool:
None
MLS #:
A12002456
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of LOKATION REAL ESTATE 954-545-5583