Basic Information

  • MLS # A11793460
  • Type Quadruplex
  • Status Pending
  • Subdivision/Complex Lawrence Estates Land Cos
  • Year Built 1914
  • Total Sqft 8,019
  • Date Listed 04/30/2025
  • Days on Market 38
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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Roof Description Barrel, Flat
  • Style Quadruplex

Interior Features

  • Adjusted Sqft 8,019Sq.Ft
  • Cooling Description Wall Window Units
  • Floor Description Laminate
  • Heating Description Central
  • Sqft 8,019 Sq.Ft

Property Features

  • Address 1362 SW 2nd St
  • Aprox. Lot Size 8,019
  • Architectural Style Fourplex
  • City Miami
  • Construction Materials Block
  • County Miami- Dade
  • Furnished Info no
  • Levels One
  • Listing Terms Cash, Conventional
  • Lot Features Quarter To Half Acre Lot
  • Occupant Type Call Agent
  • Pool Features None
  • Possession Closing And Funding
  • Postal City Miami
  • Public Survey Section One
  • Public Survey Township 1
  • Roof Barrel, Flat
  • Sewer Description Public Sewer
  • Stories 1
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info Lawrence Estates Land Cos
  • Tax Amount $47,732
  • Tax Legal desc L A W R E N C E E S T A T E L A N D C O S S U B P B2-46 W1/2 L O T7& A L L L O T8 B L K82 L O T S I Z E11250 S Q U A R E F E E T O R20787-372510021
  • Tax Year 2024
  • Terms Considered Cash, Conventional
  • Type of Property Quadruplex
  • Window Features Blinds
  • Year Built Details Resale

1362 SW 2nd St

Miami, FL 33135

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BHHS EWM Realty. tel: 305-960-2400

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