FL > Miami > Lawrence Estates Land Cos
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
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 3,900,000
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1362 SW 2nd St Miami, FL 33135

8,019 SqFt

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 $486

Subdivision Lawrence Estates Land Cos

MLS Listing ID A11793460

Style Fourplex

Construction Status Resale

HOA Y/N No

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

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 1

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories One

Structure Type Block

Construction Status Resale

Others

Tax ID 01-41-02-006-2220

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11793460

Listed by BHHS EWM Realty
agent

Alex Mendel

Agent

+1(561) 827-8449

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1362 SW 2nd St

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