1362 SW 2nd St, Miami FL 33135 (Off Market)

For Sale, USD 3,900,000


1362 SW 2nd St, Miami FL 33135,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 8,019 ft² / 745 m²

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


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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1362 SW 2nd St, Miami FL 33135, United States,Florida,Miami is a 8,019ft² Miami luxury Multi-Family Home listed for sale USD 3,900,000. This high end Miami Multi-Family Home is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Miami or search for luxury properties for sale in Miami.