High-performing 20-unit multifamily asset in the heart of Little Havana generating $356,580 in gross annual rent & $236,901 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 $199,500 per unit—rare for Little Havana with this level of stabilized income. 40-Year Recertifications have been completed. Attachments include the current rent roll, 2025 operating statement, & certification reports. Freddie Mac loan is assumable with a 3.83% interest rate, approx. $1,720,000 balance, & 2030 maturity.
- Swimming Pool
- Heating System
- Cooling System
- Parking
- Architectural Style
- Roof:
- Barrel, Flat
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33135
- Street:
- 1362 Sw 2nd St, Miami, Florida 33135
- Longitude:
- W81° 46' 57''
- Latitude:
- N25° 46' 16.3''
- Building Area:
- 8,019 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 1
- DOM:
- 1
- Flooring:
- Laminate
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash, Conventional
- Lot Features
- Parcel Number:
- 01-41-02-006-2220
- Subdivision Name:
- LAWRENCE ESTATES LAND COS
- Tax Annual Amount:
- $49,432
- Tax Year:
- 2025
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
1362 Sw 2nd St, Miami, Florida 33135, Miami, Florida 33135
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $3,990,000
- Square Footage :
- 8,019 Sqft
- Year Built :
- 1914
- MLS # :
- A11957385
- Property Sub Type :
- Quadruplex
