1362 SW 2nd St, Miami, 33135

  • $3,990,000

Buy

Miami

Quick Details

MLS #: A11772031
  • Property Type
  • Quadruplex
  • 8019
  • sqft
  • 1914
  • Year Built

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.

  • Address 1362 SW 2nd St
  • City Miami
  • State/county Florida
  • Zip/Postal Code 33135
  • Area Miami-dade County

Details

  • MLS #: A11772031
  • Price: $3,990,000
  • Property Size: 8019 sqft
  • Year Built: 1914
  • Property Type: Quadruplex
  • Property Status: Buy
Listed by Jorge Mederos · Mederos and Associates Real Estate Inc - Updated on April 2, 2025 at 8:05 am

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Karen Vieira Ferreira

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For more information about this Quadruplex for Buy currently listed for $3990000 located in 1362 SW 2nd St Miami, Florida 33135 please call our real estate office at 1-(305) 728-0840

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