Miami, FL 33135 1362 SW 2nd St
$3,900,000
Pending
25 more
Presented By: This listing is courtesy of BHHS EWM Realty;
Beds • 5
Baths • 4
SQFT • 8,019
Home Details
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.
Presented By: This listing is courtesy of BHHS EWM Realty;
Interior Features for 1362 SW 2nd St
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Window FeaturesBlinds
General for 1362 SW 2nd St
Additional Parcels Y/NNo
Architectural StyleFourplex
Attached Garage No
Carport Y/NNo
CityMiami
Construction MaterialsBlock
ContingencyNo Contingencies
CoolingWallWindowUnits
CountyMiami-Dade
Garage Y/NNo
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionLAWRENCE ESTATE LAND COS SUB PB 2-46 W1/2 LOT 7 & ALL LOT 8 BLK 82 LOT SIZE 11250 SQUARE FEET OR 20787-3725 1002 1
LevelsOne
Listing TermsCash, Conventional
Lot Size UnitsSquareFeet
MLS Area41
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeCallAgent
Pool FeaturesNone
PossessionClosingAndFunding
PostalCityMiami
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Rent IncludesGas, Gardener, HotWater, PestControl, Sewer, TrashCollection, Water
RoofBarrel, Flat
Senior Community Y/NNo
SewerPublicSewer
Showing InstructionsCall Listing Agent
Standard StatusPending
StatusPending
Stories Count1
Subdivision NameLAWRENCE ESTATES LAND COS
Tax Annual Amount47732.0
Tax Year2024
UtilitiesCableAvailable
Virtual TourClick here
Year Built1914
Year Built DetailsResale
Zoning Description3901
Exterior for 1362 SW 2nd St
Building Area Total8019.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesQuarterToHalfAcreLot
Private PoolNo
SpaNo
Total Parking11.0
Waterfront Y/NNo
Additional Details
Price History
Juan Gonzalez
Realtor
