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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Jesus Vento

Jesus Vento

+1(239) 382-0477
$ 3,990,000
Est. payment | /mo

8,019 SqFt

Save Virtual Tour
$ 3,990,000
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 $497

Subdivision Lawrence Estates Land Cos

MLS Listing ID A11772031

Style Fourplex

Construction Status Effective Year Built

HOA Y/N Yes

Year Built 1914

Annual Tax Amount $40,539

Tax Year 2024

Property Sub-Type Quadruplex

Property 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.

Location

State FL

County Miami-dade

Community Lawrence Estates Land Cos

Area 41

Interior

Heating None

Cooling Wall/Window Unit(s)

Flooring Laminate, Other, Tile

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 2

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Construction Status Effective Year Built

Others

Tax ID 01-41-02-006-2220

Acceptable Financing Assumable, Cash

Listing Terms Assumable, Cash

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11772031

Listed by Mederos and Associates Real Estate Inc
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(239) 382-0477

jvento@soldnowhomes.com

Bonita Springs , Florida, 34135, USA

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1362 SW 2nd St