Lawrence Estates Land, 1362 SW 2nd St
OFF MARKET
$3,990,000
Beds
8,019
SqFt$498
$/SqFtPremium MultifamilyProperty Type
1914Year Built
$498/SqFtPrice per sq ft
FourplexStyle
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.
Listing Courtesy Of: Mederos and Associates Real Estate Inc
Local Realty Services Provided By: Best of Luxury Realty
On Site: 588 DaysUpdated: 583 Days agoPage Views: 0
Features
MLS Number: A11772031
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: None
- Cooling Description: WallWindowUnits
Building and Construction
- Floor Description: Laminate,Other,Tile
- Windows/Treatment: Blinds
- Year Built: 1914
- Year Built Description: Effective Year Built
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-03-27T16:18:10.000-00:00
Taxes, Fees & More
- Taxes: 40539
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
03/27/2025
Listed
$4M
$498 ft2
$5,356 m2
03/27/2025
$4M
Event
Listed
Price Per
$498 ft2
$5,356 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Jorge Mederos • Mederos and Associates Real Estate Inc • Buyer Agency Compensation .
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Community Snapshot
2 – 6 BR
Bedrooms
$450K – $6.5M
Price Tier
700 - 16,054
SqFt Range
1949
Year Build
2
Total Floors
Subdivision Amenities
Laundry
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High-End
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- Brickell Heights West Condo26
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- Bristol Tower Condo12
- Buena Vista Drive Multifamily1
- Buena Vista Estates Mixed1
- Buena Vista Heights House14
- Carbonell Condo18
- Carolina Park House0
- Carters Townhouse4
- Citrus Park Mixed3
- Cleveland Terrace House2
- Coconut Avenue Villas Townhouse0
- Coconut Developers Townhouse5
- Courts Brickell Key Condo3
- Crystal Heights House1
- Davis Harbor House2
- East Shore Crest House2
- Edison Multifamily2
- El Camino Park House1
- Eleven In The Roads Condo1
- Epic Hotel & Residences Condo27
- Fairview House1
- Four Seasons Hotel Condo7
- French Village In The Grove Townhouse0
- GlassHaus In The Grove Condo0
- Gran Paraiso Condo24
- Grapeland Park House1
- Grove Enclave Townhouse1
- Grove Garden Residences Condo1
- Grove Hill Tower Condo0
- Grove Isle Condo19
- Grove Palms Condo2
- Grove Paradise Townhouse0
- Grove Square Condo1
- Grove Towers Condo2
- Grove Villas Mixed0
- Groveloft Condo0
- Hardie Grove House4
- Holleman Park House9
- Hyde Midtown Condo36
- Icon Brickell Tower 1 Condo55
- Icon Brickell Tower 3 Condo34
- Itabuna Townhouse1
- Kingsway Mixed1
- Klebba Bay Estates House0
- Kumquat Village House0
- L'Hermitage Mixed1
- Livingstone Park Multifamily1
- Lofts At Mayfair Condo2
- Longview Villas House0
- Maison Grove Townhouse0
- Malcolm Peacocks Townhouse1
- Mayfield Condo0
- Mutiny Park Hotel Arya Condo6
- Natiivo Miami Condo71
- New Belle Meade House2
- New Wave Condo6
- Ohio Street Area Townhouse1
- One Bay Residences Mixed4
- One Paraiso Condo9
- One Tequesta Point Condo7
- Overbrook Park Multifamily4
- Palm Terrace Townhouse0
- Paraiso Bay Condo24
- Paraiso Bayviews Condo38
- Paramount Bay Condo15
- Parisian Village In The Grove Townhouse0
- Park Plaza House0
- Parkdale Heights House0
- Percival Gardens House0
- Pleasant Grove Multifamily1
- Portofino Townhouse0
- Provence Village In The Grove Townhouse0
- Quadro Condo26
- Reach Brickell City Centre Condo24
- Residences At Riverwalk Condo2
- Rise Brickell City Centre Mixed40
- Ritz Carlton South Beach Condo0
- Robbins-Graham & Chillingsworth Land1
- Rock Reef House0
- Rosemount Multifamily2
- Santa Maria Condo2
- Sawyer & Roberts Multifamily0
- Serendipity In The Grove Townhouse0
- Shore Acres House2
- Silver Bluff Estates House11
- Silver Crest House1
- SLS Brickell Condo42
- SLS Lux Brickell Condo52
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- The Bond On Brickell Condo18
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- Wyndwood Park Mixed25
- Yacht Harbour Condo2
- YotelPad Miami Condo24
Ultra Luxury
Ultra Luxury87
- 1600 South Bayshore Ln Condo0
- Aqua Marine Mixed3
- Asia Condo12
- Aston Martin Residences Condo6
- Banks House0
- Bay Crest House5
- Bay Heights House3
- Bay Homes House1
- Bay Point House6
- Bayshore Villas House0
- Beacon Harbour Condo0
- Belle Meade Island House2
- Biscayne Island House5
- Biscayne Island Estates House0
- Biscayne Park Terrace House0
- Bonita Park House0
- Brickell Flatiron Condo33
- Broadmoor Plaza Land3
- Camner Gables House0
- Club Residences At Park Grove Condo4
- Coco Grove House1
- Coconut Grove Manor House0
- Coconut Grove Park House2
- Crystal Bluff House1
- De Hedouvilles House0
- Douglas Circle House3
- East Utopia House0
- Echo Brickell Condo30
- Eleda House0
- Elysee Condo7
- Enchanted Grove Townhouse0
- Entrada House0
- Espanola Heights House3
- Ewanton Heights House0
- Fairhaven House2
- Four Seasons Residences Condo10
- Four Way Lodge Estates House1
- Gemini 7 Townhouse1
- Gifford Lane Townhomes Townhouse1
- Grove At Grand Bay Condo1
- Grovenor House Condo4
- Hardies Multifamily0
- Hazel Park House2
- Hills Trail Grove House1
- J W Ewans House1
- Jade Residences At Brickell Bay Condo18
- King Park House2
- Leeward Cove Land0
- Lennox Park House1
- Lookout Bay Condo1
- Milledge Heights House0
- Missoni Baia Condo24
- Mr C Tigertail Residences Condo1
- Muze At Met Condo0
- Natoma Manors House1
- Natoma Park House2
- Ocean View House0
- Ocean View Heights House1
- One Park Grove Condo1
- One Thousand Museum Condo13
- One Thousand Venetian Way Mixed4
- Parc Lofts Condo4
- Park Manor House0
- Pent Homestead Townhouse2
- Pinecrest Manor House0
- Pomona House1
- Residences At Vizcaya Condo2
- Rhodes House1
- Rockerman Heights House1
- San Marco House5
- Santa Maria Condo2
- Silver Bluff House2
- Silver Bluff Business Center House0
- Sunshine Fruits House3
- Sunshine Villas House2
- Sunshine Vistas House6
- The Elser Hotel & Residences Condo59
- The Fairchild Condo3
- The Moorings House4
- The Ritz-Carlton Executive Residences Condo0
- The Ritz-Carlton Tower Residences Condo4
- Town Hall House0
- Treasure Trove House0
- Two Park Grove Condo2
- Una Residences Condo20
- Utopia House4
- Ye Little Wood House0
Lawrence Estates Land Communities in Miami, FL
Entry-Level
Entry-Level 1
Inactive Segment
Inactive Segment 1
Miami, FL Nearby Cities
$999K - $23.5M
$30K - $30K
$2K - $3.8M
$2K - $25K
$130K - $2M
$2K - $3K
$160K - $172.5M
$2K - $75K
$220K - $850K
$0 - $0