Under contract
  • $3,900,000

    1362 SW 2nd St, Miami, FL 33135

    5beds
    4baths
    8,019sqft
    : 
    Quadruplex
    Built in 1914
    -- sqft lot
    $-- Zestimate®
    $486/sqft
    $-- HOA

    What's special

    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.
    112 days
    on Zillow
    |
    13
    |
    1
    |

    Likely to sell faster than

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