2801 SW 24th St

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2801 SW 24th St

Miami, FL 33145
Asking Price
$849K
Asset Type
Multifamily
Class
Class B

What's Special

Located at 2801 SW 24th St, this multifamily property is situated in the Coral Way neighborhood of Miami, strategically positioned between Coral Gables and Coconut Grove. The immediate area is characterized by a mix of residential character and commercial convenience, offering proximity to the Miracle Mile shopping district and various local dining options. The site provides efficient transportation access via the Coral Way corridor and is served by the Miami Trolley system, connecting residents to the Metrorail and major employment hubs in Brickell and Downtown Miami. The property is suited for multi-unit residential redevelopment or continued use as an income-producing asset. Given its central location, the typical tenant profile includes young professionals seeking proximity to major office markets and urban commuters who prioritize walkability and transit access. The surrounding demographic is largely composed of long-term residents and professionals attracted to the neighborhood’s established infrastructure and central positioning within Miami-Dade County.

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NOI
$80,000
Cap Rate
9.42%
DSCR
1.59
Strong
Cash-on-Cash
11.62%
Monthly Payment
$4,200.389
Annual Cash Flow
$29,595.335

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