FL > Miami > Lawrence Estates Land Cos
Miami, FL 33135,1362 SW 2nd St
Miami, FL 33135,1362 SW 2nd St
Miami, FL 33135,1362 SW 2nd St
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Evelyn Martell

Evelyn Martell

+1(787) 501-3639
$3,990,000
Est. payment /mo
8,019 SqFt
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UPDATED:

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

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Listed by Mederos and Associates Real Estate Inc

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agent

Evelyn Martell

+1(787) 501-3639

Agent | License ID: 3447247

Agent License ID: 3447247

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1362 SW 2nd St