Owner & SellerHome ValuePricing

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

Own in Lawrence Estates Land?
Own in Lawrence Estates Land?
Closed
$3,700,000
$200K
Estimate Payment $22,687Closing Costs
Beds
8,019
SqFt
$461
$/SqFt
Premium MultifamilyProperty Type
1914Year Built
$461/SqFtPrice per sq ft
FourplexStyle
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 upsideā€”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 unitā€”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.
Listing Courtesy Of: BHHS EWM Realty
Local Realty Services Provided By: Best of Luxury Realty
On Site: 554 DaysUpdated: 70 Days agoPage Views: 0

Features

MLS Number: A11793460
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: WallWindowUnits
        Building and Construction
        • Floor Description: Laminate
        • Windows/Treatment: Blinds
        • Year Built: 1914
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2025-04-30T14:06:37.000-00:00
          Taxes, Fees & More
          • Taxes: 47732

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          Price History

          Current
          $3.7M
          High
          $3.9M
          Low
          $3.7M
          Total Change
          -5.1%
          $3.9M$3.8M$3.7MApr 25Apr 25Aug 25
          Date
          Event
          Price
          Change
          Price Per
          08/22/2025
          Sold
          $3.7M
          0%
          $461 ft2
          $4,967 m2
          04/30/2025
          Price Reduced
          $3.7M
          -5.13%
          $461 ft2
          $4,967 m2
          04/30/2025
          Listed
          $3.9M
          Ā 
          $486 ft2
          $5,235 m2
          08/22/2025
          $3.7M
          Event
          Sold
          Change
          0%
          Price Per
          $461 ft2
          $4,967 m2
          04/30/2025
          $3.7M
          Event
          Price Reduced
          Change
          -5.13%
          Price Per
          $461 ft2
          $4,967 m2
          04/30/2025
          $3.9M
          Event
          Listed
          Price Per
          $486 ft2
          $5,235 m2
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by Oscar Arellano ā€¢ BHHS EWM Realty ā€¢ Buyer Agency Compensation .
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          Community Snapshot
          2 ā€“ 6 BR
          Bedrooms
          $450K ā€“ $6.5M
          Price Tier
          700 - 16,054
          SqFt Range
          1949
          Year Build
          2
          Total Floors

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          Lawrence Estates Land Communities in Miami, FL

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          The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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