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1362 SW 2nd St, Miami, FL 33135
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$3,900,000
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Home Details for 1362 SW 2nd St
Price
$3,900,000
Type
Multi Family
Year Build
1914
Sq. Ft.
8019
County
Miami-Dade
Tax
$47,732
MLS®️ Listing#
A11793460
On exitrealty.com
206 days
Property Description
High-performing 20-unit multifamily asset in the heart of Little Havana generating $339,480 in gross annual rent & $227,776 in NOI. Strong in-place income with plenty of upside—current rents are below Section 8 levels, offering immediate value-add potential through rental increases. Other features: newer roofs, upgraded PVC plumbing, & a history of consistent 100% occupancy. Unit mix: (1) 1-bed/2-bath, (14) 1-bed/1-bath, (4) 2-bed/1-bath, & (1) 2-bed/2-bath. Priced at just $195,000 per unit—rare for Little Havana with this level of stabilized income. 40-Year Recertifications have been completed. Attachments include the current rent roll, 2024 operating statement, & certification reports. Freddie Mac loan is assumable with a 3.83% interest rate, approx. $1,735,000 balance, & 2030 maturity.
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- Cable Available
Listing Courtesy: BHHS EWM Realty - 305-960-2400
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.
This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.
This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.
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Market statistics compiled from data from Realtor Association of Greater Miami and the Beaches.
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$3,900,000
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EXIT REALTY SYNERGY INTERNATIONAL
6351 NW 99th Avenue, Miami, FL 33178