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$ 3,775,000
Est. payment /mo
New
1037 NW 2nd St Miami, FL 33128
6,098 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,098 sqft
Price per Sqft $619
MLS Listing ID A12002015
HOA Y/N No
Year Built 2026
Lot Size 7,000 Sqft
Property Sub-Type Multi Family
Property Description
Newly constructed 10-unit multifamily asset in the rapidly growing East Little Havana submarket of Miami.
The building features a well-balanced unit mix of FOUR studio apartments and SIX two-bedroom residences, designed to appeal to a wide range of tenants, including young professionals, medical employees, and small families. Each unit includes modern kitchens, stainless steel appliances, porcelain tile flooring, central air conditioning, and an in-unit washer and dryer, providing a contemporary living experience that supports strong tenant demand.
Based on current market rents, the property has the potential to generate approximately $22,000 in gross monthly income, or $264,000 annually, representing an estimated capitalization rate of approximately 6 percent.
The building features a well-balanced unit mix of FOUR studio apartments and SIX two-bedroom residences, designed to appeal to a wide range of tenants, including young professionals, medical employees, and small families. Each unit includes modern kitchens, stainless steel appliances, porcelain tile flooring, central air conditioning, and an in-unit washer and dryer, providing a contemporary living experience that supports strong tenant demand.
Based on current market rents, the property has the potential to generate approximately $22,000 in gross monthly income, or $264,000 annually, representing an estimated capitalization rate of approximately 6 percent.
Location
State FL
County Miami-dade
Area 41
Direction GPS
Interior
Heating Central, Electric
Cooling Central Air
Exterior
Total Parking Spaces 6
Private Pool Yes
Building
Story 3
Sewer Public Sewer
Water Public
Others
Tax ID 01-41-02-005-1650
Acceptable Financing Cash, Conventional, 1031 Exchange, Other
Listing Terms Cash, Conventional, 1031 Exchange, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12002015
Listed by LUXE Capital Advisors
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