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
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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Real Estate Ambassadors

Real Estate Ambassadors

+1(918) 312-7349
$ 3,900,000
Est. payment | /mo

8,019 SqFt

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$ 3,900,000
Est. payment | /mo
Save Virtual Tour

8,019 SqFt

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
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1362 SW 2nd St