1362 SW 2nd St, Miami FL 33135
$3,900,000
$486.34/Sq Ft
- N/A Beds
- N/A Baths
- N/A Parking
- 8019 ft²
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.
Marvel Avellanet
Real Estate Broker
Estimate Payments
Technical Summary
| Price | $3,900,000 |
|---|---|
| Beds | N/A |
| Baths | N/A |
| Area | 8019 ft² |