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$3,700,000

  • Sold
  • Closed
  • Multi-Family
  • 20 Units
See This Home
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See This Home
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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.

Full Property Details for 1362 SW 2nd St

General

  • Sold For: $3,700,000
  • Taxes: $47,732 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11793460
  • Added to Site: 261 day(s) ago

Rental Information

  • Rent Includes: Gas, Hot Water, Gardener, Pest Control, Sewer, Trash Collection, Water

Parking

  • Total Spaces: 11

Location

  • Area: Lawrence Estates Land Cos
  • County: Miami-Dade County
  • Subdivision: LAWRENCE ESTATES LAND COS
  • Building Name: LAWRENCE ESTATES LAND COS

Community

  • Community Name: Lawrence Estates Land Cos
  • Units Assoc/Comm: 3

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Central

Utilities

  • Gas: Natural Gas
  • Sewer: Public Sewer

Structural Information

  • Architectural Style: Detached
  • Structure Type: Quadruplex, Fourplex
  • Detached/Attached: Detached
  • Construction: CBS Construction
  • Roof: Barrel Roof, Flat Roof With Facade Front
  • Windows: Blinds
  • Stories/Levels: 1
  • Building Size: 8019
  • Square Feet: 8,019
  • Living Area: 8,019 Sq. Ft.
  • Year Built: 1914

Unit Information

  • Units in Complex: 3

Lot Features

  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Potential Use: Unknown/Withheld
  • Zoning: 3901

Financial Considerations

  • Price Per Sq. Ft.: $461.4
  • Tax Amount: $47,732
  • Tax Year: 2024
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Documents Avail.: Copy Of Lease(S), Other Available Information, Rent Rolls
  • 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 1
  • Property ID: 01-41-02-006-2220

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— 1362 SW 2nd St —

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NMLS#: 1598647

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Schools serving 1362 SW 2nd St

School District:Dade County School District
NameGradesDistance
Riverside Elementary Community School
1190 Southwest 2nd Street, Miami, FL 33130
PK-50.3 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-82.5 mi
Booker T. Washington Senior High School
1200 Northwest 6th Avenue, Miami, FL 33136
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1362 SW 2nd St

Date
Details
Price
Change
Source
8/22/2025
Sold
$3,700,000
-5.13%
MLS
4/30/2025
Listed
$3,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Price Reduced near 1362 SW 2nd St

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11 Lagorce Cir, Miami Beach, FL 33141 - Photo 1 Price Reduced
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200 76th St, Miami Beach, FL 33141 - Photo 1 Price Reduced
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Recent Sales near 1362 SW 2nd St

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641 NW 7th Street Rd, Miami, FL 33136 - Photo 1 Sold
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1362 SW 2nd St, Miami, FL 33135 (MLS# A11793460) is a Multi-Family property that was sold at $3,700,000 on August 22, 2025. This property was listed by Oscar Arellano Team from our Coral Gables Office.Want to learn more about 1362 SW 2nd St? Do you have questions about finding other Multi-Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.