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MLS ID: A11793460
List Price: $ 3 900 000
Sold Price: $ 3 700 000 (-5%)
Status: Closed
List date: 04/30/2025
Closing Dt: 08/22/2025
Days on Market: 114
Sell $ 526 per SqFt
1362 SW 2nd St, Miami
#MLS: A11793460
$ 3 900 000
Listing date04/30/2025
CityMiami, FL 33135
Address1362 SW 2nd St
Area7031 sqft
Tax/year$ 47 732
Built year1914

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 upsidecurrent 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 unitrare 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.

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