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$3,900,000 • living size area 8019 sqft
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.Multi Family - LAWRENCE ESTATES LAND COS
1362 SW 2ND ST, MIAMI, FL 33135
Date Sold 08-22-2025
Sold Price$3,700,000 Asking Price$3,900,000
Share by:
- Living 8019sqft
- Taxes: Register to see
- Year Built 1914
-
Days on market:
7 day(s) -
Adjusted Area:
7031 sqft Original Price:
$3,900,000-
Price per sqft:
$486.34 Tax Legal Description:
LAWRENCE ESTATE LAND COS SUB PB 2-46 W1/2 LOT 7 & ALL LOT 8 BLK 82 LOT SIZE 11250 SQUARE FEET OR 20787-3725 1002 1Tax Year:
2024-
MLS:
A11793460 -
Property Type:
Multi Family -
Style:
Fourplex
Construction Type:
Cbs ConstructionRoof:
Barrel RoofFlat Roof With Facade FrontCooling Description:
Wall/Window Unit(s)Heating Description:
CentralLot Features:
1/4 To Less Than 1/2 Acre LotType of Association:
None
