2012 SW 24th St — Sale in Miami, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Miami, FL 33145

Photos

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Investment Figures

Cap rate
4.88%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

2012 SW 24th Street is a totally renovated building located in a very desirable Shenandoah neighborhood next door to Silver Bluff Park. The property offers an investor the opportunity to acquire a completely updated building with the opportunity to add value by increasing the rental income to market levels. The current rents are about $650 below market rents for similar buildings. The building is a 24-unit, three story residential building with all two-bedroom & one-bathroom units with about 682 SF. The property has impact windows, central air-conditioning & heat, updated electric, lighting, signage, interiors, fire sprinklers etc. The building has a T3-R zoning and is situated on a .18 acre lot. The tenants are responsible for electric and the owner pays for water, sewer and trash removal. Investment Highlights: • Well located Shenandoah Submarket • Close to Coconut Grove • Completely renovated building • Updated Electric • Impact windows • Central air-conditioning & heat

Market Context

This multifamily in Miami, FL is listed for sale. It is offered at an approximate 4.9% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Miami, FL — view the full market.

As of Q4 2025, the Miami multifamily market showed average asking rents near $2635.00/unit/mo, and rents up 0.2% year over year. Source: multiple brokerage reports, Q4 2025.

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