New Listing - 03/27/2025

$3,990,000 ($497.57 per sqft)

Est. Mortgage $19,395/mo *

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1362 SW 2nd St, Miami, FL, 33135

1362 SW 2nd St, Miami, FL, 33135
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1914

Fourplex

8,019 sqft

Finally, this Cashy Cow is for sale. Legal 20 unit apt bldg. The in place gross yearly rental income is presently $335,880.00. The current NOI is $224,176.00! Even at these outstanding income numbers there is plenty of upside in raising rents. Sec 8 rents are much higher than current rents. Property feat. newer roofs & new PVC plumbing. There are 6 two bedroom units & 14 one bedroom units. Always 100% occupied. Priced at only $199,500 a unit this is unheard of for a 20 unit bldg. in Little Havana w/ these in place rents. 40 year certifications recently completed. Click on attachments to view the current rent roll, 2024 operating statement and 40 year certifications. The property has a Freddie Mac loan that is assumable. The rate is 3.83%. The balance is $1,735,000. Maturity date is 2030.

Status:

Active

Type:

Multi-family

Zoning:

3901

Subdivision:

LAWRENCE ESTATES LAND COS

Heating:

None

Cooling:

Wall/Window Unit(s)

Parking:

11-car

Est. Taxes:

$40,539

Construction

Block

Utilities

Cable Available

Lot Description:

1/4 to 1/2 Acre Lot

Days on Market:

5

Pool:

None

MLS #:

A11772031

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of Mederos and Associates Real Estate Inc Phone: 786-290-7862