1362 SW 2nd St

Miami, FL 33135

  • 5 Bed(s)
  • 4 Bath(s)
  • 8,019 Sqft
$3,990,000

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.

  • Property Type

    ResidentialIncome

  • Subdivision

    Lawrence Estate Land

  • County

    Miami-Dade

  • Style

    Fourplex

  • AD ID

    49110122

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BuyOwner last updated this listing 04/10/2025 @ 11:18

  • MLS: A11772031
  • LISTING PROVIDED COURTESY OF: Jorge Mederos, Mederos and Associates Real Estate Inc
  • SOURCE: SEFMIAMI

is a Home, with 5 bedrooms which is for sale, it has 8,019 sqft, 8,019 sized lot, and 0 parking. are nearby neighborhoods.