This Multifamily Property is no longer advertised on LoopNet.com.

435 NE 23rd St
Miami, FL 33137
23 Palms · Multifamily Property For Sale · 42 Units

Property Facts

No. Units 42
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.52 AC
Building Size 35,853 SF
Average Occupancy 95%
No. Stories 6
Year Built 1972
Parking Ratio 1.45/1,000 SF
Zoning 4606

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Pool
  • Community-Wide WiFi
  • Sundeck
  • Smoke Detector

About 435 NE 23RD ST , MIAMI, FL 33137

Assumable Loan Available. Asking 255k a door in Prime Edgewater! MILPORT was originally constructed in 1972 and consists of 42 units on six different stories and is located in the highly desirable area of Edgewater. Only 12 of the 42 units have been remodeled with the remodeled units generating an average of 27% more than non-remodeled units. The property is currently situated on a 0.51-acre lot with 38,853 of rentable square feet. One exciting feature is the highly coveted T6-36 zoning allowing the opportunity for an investor to convert the property into a 36-story high-rise. The property has also been approved by the city for Short Term Rentals, allowing an investor to re-position the property and generate substantially more income.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 - -
1+1 30 - -
2+2 11 - -

Property Taxes

Property Taxes

Parcel Number
01-3230-030-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,543,615
  • Listing ID: 16971684

  • Date on Market: 8/20/2019

  • Last Updated:

  • Address: 435 NE 23rd St, Miami, FL 33137

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