$3,700,000
Multifamily sold in Lawrence Estates Land1362 SW 2nd St, Miami, FL 33135 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.