1362 SW 2nd St, Miami FL 33135

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.

This quadruplex home located at 1362 SW 2nd St, Miami FL 33135 is currently for sale and has been available on Brickellsold for 5 days. This property is listed at $4M. It has N/A beds, N/A bathrooms, and is 8019 square feet. It was built in 1914. 1362 SW 2nd St, Miami FL 33135 is in Miami county Miami-Dade County.