Lawrence Estates Land, 1362 SW 2nd St Miami, FL 33135

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.