New - 5 days 4 hrs ago

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

$3,900,000Price
8,019SqFt

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Details

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Status:
Active
Size: 8,019 ft2 / 745 m2
Price: $486 ft2 / $5,235 m2
Type: Multi Family
Built: 1914
MLS Number: A11793460
On Site: 5 Days
Updated: 3 Days ago
Page Views: 0
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.

Features

Bedrooms
Bathrooms
Exterior and Lot Features

Price History

04/30/2025

Date

Listed

Event

$3.9M

Price

$486 ft2 / $5,235 m2

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Oscar ArellanoBHHS EWM Realty • Buyer Agency Compensation .

Instant Comparative Market Analysis

$100/ft²
$200/ft²
$500/ft²
$700/ft²

Unit 1362 SW 2nd St – Asking

$486/ft²

(+23%) from Closed Medium $/ft²

Closed Medium $/ft²

$395/ft²
Community $/Price Range (Closed) $100/ft² – $554/ft²
No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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