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Single Family Residence
$969,000$470 / sqft
3001 SW 23rd Ter, Miami FL 33145
Listed
5
Bedrooms
3
Bathrooms
2,060 sqft
Interior
1961
Year built
None
HOA
Single Family Residence
Type
About this home
Beautifully remodeled duplex in the heart of Miami! This exceptional investment opportunity offers a total of 5 bedrooms and 3 bathrooms Completely remodeled in 2026, the property boasts modern finishes throughout, a new roof installed in 2024, new A/C systems in both units (2026), and new plumbing (2026) and electrical systems (2026). One unit is currently tenant-occupied, providing immediate rental income, while the other offers an opportunity for owner occupancy or additional rental income which could be conveniently split into 2 units. Conveniently located near Coral Gables, Coconut Grove, Downtown Miami, shopping, dining, and major highways. Perfect for investors looking to expand their rental portfolio or buyers seeking to live in one unit while generating income from the other. A fantastic opportunity to own a beautifully updated, income-producing duplex in a desirable Miami location!
Features
- Other
- Split Bedroom
- Family Room
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$4,900
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 5-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $5,000–$20,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.