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.
Property Details
Price:
$3,990,000
MLS #:
A11772031
Status:
Active
Beds:
0
Baths:
0
Address:
1362 SW 2nd St
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
LAWRENCE ESTATES LAND COS
Neighborhood:
Lawrence Estates Land Cos
City:
Miami
Listed Date:
Mar 27, 2025
State:
FL
Finished Sq Ft:
8,019
Total Sq Ft:
8,019
ZIP:
33135
Year Built:
1914
Units:
20
See this Listing
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Flooring
Other, Tile
Heating
None
Exterior
Architectural Style
Detached
Construction Materials
C B S Construction
Parking Spots
11
Roof
Barrel Roof, Flat Roof With Facade Front
Financial
Tax Year
2024
Taxes
$40,539
Map
Community
- Address1362 SW 2nd St Miami FL
- SubdivisionLAWRENCE ESTATES LAND COS
- CityMiami
- CountyMiami-Dade County
- Zip Code33135
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