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Single Family Residence
$389,000$129 / sqft
3621 NW 23rd Ave, Miami FL 33142
Listed
5
Bedrooms
4
Bathrooms
3,015 sqft
Interior
1947
Year built
None
HOA
Single Family Residence
Type
About this home
INVESTOR SPECIAL!!! Unlock the potential of this centrally located Miami property, offering an excellent opportunity for an investor looking to operate a short-term rental business or redevelop the site. Currently used as a short-term rental, the main home features 5 rentable rooms and is being offered fully furnished, providing a potential turnkey opportunity for the right buyer. The property also includes a separate 1-bedroom, 1-bath guest house, offering additional living space, rental potential, or flexibility for an owner-user. Situated on a 5,000+ SqFt. fenced lot- the property offers plenty of outdoor space with room to create an entertaining area and add a small pool. The location is a major plus—just minutes from Miami International Airport and within a short drive of some of Miami’s most sought-after destinations, including Brickell, Wynwood, and Downtown. Just a short 10 minutes walk to metrorail station and 2 minutes walk to nearby bus stop- ideally located for commuters. Zoned Residential with Medium Retail designation, offering flexibility for residential, business, or retail use, subject to applicable zoning regulations and approvals. Located in an area where businesses operate from residential properties, creating an attractive opportunity for investors, owner-users, or developers.The property currently has outstanding city violations- priced to sell and the owner is motivated! Bring your vision and explore the possibilities to own this amazing investment!
Features
- Split Bedroom
- Separate Guest/In-Law Quarters
- Lighting
- Room For Pool
- Garden
- None
Location
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.