Miami, FL 33135,1362 SW 2nd St
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Miami, FL 33135,1362 SW 2nd St
Miami, FL 33135,1362 SW 2nd St
Miami, FL 33135,1362 SW 2nd St
Miami, FL 33135,1362 SW 2nd St

$3,700,000

Est. payment /mo
Est.Price: ?

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1362 SW 2nd St Miami, FL 33135

8,019 SqFt

SOLD DATE : 08/22/2025

Key Details

Sold Price $3,700,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 8,019 sqft

Price per Sqft $461

Subdivision Lawrence Estates Land Cos

MLS Listing ID A11793460

Style Fourplex

Year Built 1914

Annual Tax Amount $47,732

Tax Year 2024

Property Sub-Type Quadruplex

Property Description

High-performing 20-unit multifamily asset in the heart of Little Havana generating $339,480 in gross annual rent & $227,776 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 $195,000 per unit—rare for Little Havana with this level of stabilized income. 40-Year Recertifications have been completed. Attachments include the current rent roll, 2024 operating statement, & certification reports. Freddie Mac loan is assumable with a 3.83% interest rate, approx. $1,735,000 balance, & 2030 maturity.

Location

State FL

County Miami-dade

Community Lawrence Estates Land Cos

Area 41

Interior

Heating Central

Cooling Wall/Window Unit(s)

Flooring Laminate

Exterior

Pool None

Utilities Available Cable Available

Roof Type Barrel,Flat

Building

Lot Description 1/4 to 1/2 Acre Lot

Story 1

Sewer Public Sewer

Structure Type Block

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by BHHS EWM Realty
Bought with Mederos and Associates Real Estate Inc
agent

Teresa Santana

CEO | comp3055437

+1(954) 873-1586

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