1362 SW 2nd St Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33135
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 8,019 sqft
Price per Sqft $497
Subdivision Lawrence Estates Land Cos
MLS Listing ID A11772031
Style Fourplex
Construction Status Effective Year Built
HOA Y/N Yes
Year Built 1914
Annual Tax Amount $40,539
Tax Year 2024
Property Sub-Type Quadruplex
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.
Location
State FL
County Miami-dade
Community Lawrence Estates Land Cos
Area 41
Interior
Heating None
Cooling Wall/Window Unit(s)
Flooring Laminate,Other,Tile
Window Features Blinds
Exterior
Pool None
Utilities Available Cable Available
Roof Type Barrel,Flat
Total Parking Spaces 11
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 01-41-02-006-2220
Acceptable Financing Assumable,Cash
Listing Terms Assumable,Cash
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11772031