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Single Family Residence
$800,000$447 / sqft
2028 SW 23RD Terrace, Miami FL 33145
Listed
3
Bedrooms
2
Bathrooms
1,790 sqft
Interior
1925
Year built
None
HOA
Single Family Residence
Type
About this home
Renovate or rebuild • gated paver motor court • prime 33145 location • steps from Coral Way • in law quarters • second kitchen • covered patio • workshop RENOVATE OR REBUILD in a PRIME LOCATION just south of Coral Way! This 3 bed, 2 bath classic Miami home sits behind a FULLY GATED PAVER MOTOR COURT, minutes from Coral Gables, Coconut Grove and Brickell. Bring your vision to GREAT BONES, or BUILD NEW in one of Miami's most sought after neighborhoods. Inside: tile floors, a brick FIREPLACE, formal dining and IN LAW QUARTERS with a SECOND KITCHEN, perfect for multigenerational living. Outside: a COVERED PATIO and a dedicated WORKSHOP. Ideal for end users, builders and investors alike. Location. Land. Limitless potential. Welcome to 2028 SW 23rd Terrace.
Features
- Closet Cabinetry
- Barbeque
- Other
- Other Water View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$4,045
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,200–$5,000.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.