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Lawrence Estates Land, 1362 SW 2nd St
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Closed
8,019
SqFtStatus
Sold - Aug 22, 2025
Size
8,019 SqFt (745 m2)
Price
$461/SqFt ($4,967/m2)
Type
Multifamily
Built
1914
MLS Number
A11793460
On Site
503 Days
Updated
18 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
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
Apples-to-Apples Comparables
Price History
Current
$3.7M
High
$3.9M
Low
$3.7M
Total Change
-5.1%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
$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 • BHHS EWM Realty • Buyer Agency Compensation .
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Scores
95
100
83
100
82
100
69
100
0
100
41
100
1
100
Community Snapshot
2 – 6 BR
Bedrooms
$499K – $6.5M
Price Tier
700 - 16,054
SqFt Range
1948
Year Build
2
Total Floors
Subdivision Amenities
Laundry
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Lawrence Estates Land Communities in Miami, FL
Entry-Level
Entry-Level 1
Inactive Segment
Inactive Segment 1
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