Property Description

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.

Features
: Wall/window Unit(s)
: 11
: Other, Tile
: Natural Gas
: 1/4 To Less Than 1/2 Acre Lot
: Barrel Roof, Flat Roof With Facade Front
: Public Sewer
Address Map
FL
Miami-Dade County
Miami
33135
1362 SW 2nd St
LAWRENCE ESTATES LAND COS
0
W81° 46' 57''
N25° 46' 16.1''
LAWRENCE ESTATES LAND COS
MLS Addon
Mederos and Associates Real Estate Inc
Jorge Mederos
: Detached
: Cbs Construction
5
0496433
MAAR01
: All Cash, Assumable
1
20
: Gardener, Trash Collection, Water, Hot Water, Sewer, Gas, Pest Control
2
: Quadruplex, Fourplex
$40,539
2024
3901

Residential Income For Sale

1362 SW 2nd St, Miami, Florida 33135

8,019 Sqft
$3,990,000
Listing ID #A11772031
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : A11772031
Price : $3,990,000
Square Footage : 8,019 Sqft
Year Built : 1914
Building Area : 8,019 Sqft
Status : Active
Property SubType : Quadruplex
Agent info
Daniel Lombardi
Contact Agent
crossmenu