2740 SW 23rd St, Miami, FL 33145

• 4,761 sqft

Property Description

Exceptional investment opportunity delivering a strong cap rate with long-term tenants already in place. All units are on month-to-month leases, providing immediate flexibility to reposition, raise rents, or redevelop in a high-barrier, high-demand market. Built in 1988, this concrete construction with PVC plumbing offers approximately 5,000 sq ft of living area on a 7,500 sq ft duplex-zoned lot. The property provides an impressive footprint and scale that are rarely available in this corridor. Situated in the booming Silver Bluff neighborhood—directly across from Publix and just minutes from COCONUT GROVE AND CORAL GABLES—the location is a premium rental zone with extremely limited affordable inventory. This ensures constant tenant demand and virtually zero vacancy risk. Multi-year tenants provide proven cash-flow stability, while the 3-story new-construction townhomes rising directly behind the property highlight the area’s rapid appreciation. This is a rare opportunity to secure a large, high-performing asset with substantial upside from day one.

Listing Status:

Active

Date Added:

December 1, 2025 at 06:00AM

Listing Office:

Compass Florida, LLC : 305-697-5402

Listing Agent:

Eric Farmelant : 954-850-3905

MLS ID:

A11920863

Interior

• Flooring: Tile
• A/C: Central AirWall/Window Unit(s)
• Heating: CentralWindow/Wall

Exterior

• Style: Attached

Construction

• Roofing: Barrel Roof
• General: Concrete Block Construction2

Location

• Originating MLS: Miami Association of REALTORS®
• County: Miami-Dade County

Lot

• Zoning: 570016 54 41 PB 4-73 AMD PLAT OF MIAMI SUB ACRES LOT 7 BLK 12 LOT SIZE 50.000 X 150 75R-6438201-41-16-009-5570

Utilities

• Sewer: Public Sewer

Financial

• Source: Miami Association of REALTORS®

This listing courtesy of Eric Farmelant, Compass Florida, LLC