305-609-4190
2722 NW 23rd Ave, Miami FL 33142
Active Single Family Residence

2722 NW 23rd Ave, Miami FL 33142

Miami, FL, 33142

$340,000

Est. $1,719/mo (20% down)

2
Beds
2
Baths
1,300
Sq Ft
1924
Year Built
—
Lot Sq Ft
—
Garage

Photo Gallery (7 photos)

About This Property

Exceptional development opportunity in the rapidly growing Allapattah .The existing structure is being sold As-Is, Where-Is. Please note that the City has notified the property owner that the current structure must be demolished. This property is zoned T5-0, allowing for flexible urban development potential in one of Miami’s most active transformation corridors. Situated along a high-traffic commercial corridor immediately west of Wynwood Arts District, the location offers unmatched proximity to the Health District, Downtown Miami, and major employment centers. The property provides convenient access to SR 836, I-95, and the Airport Expressway, making it ideal for future residential, mixed-use, or commercial redevelopment. This presents a prime opportunity for redevelopment aligned with the area’s ongoing growth and revitalization. Located within a designated Opportunity Zone, this site offers significant potential tax advantages for qualified investors. --

Property Details

MLS #

A11975736

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

1924

Days on Market

180

Pool

No

Waterfront

No

Price / Sq Ft

$262

HOA Fee

None

Est. Insurance

$113/mo

Tax Year

2025

Tax Amount

$6,606

Garage

—

Lot Size

—

MLS Area

Westhaven

Subdivision

WESTHAVEN

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$2,380
Est. Monthly Rent
-2.0%
Cap Rate
-9.8%
Cash-on-Cash
$-6,643
Net Operating Income

ROI Projections (4% Annual Appreciation)

59%
5-Year ROI
Value: $413,662
142%
10-Year ROI
Value: $503,283
254%
15-Year ROI
Value: $612,321

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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