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

8,019SqFt

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Status:
Sold - Aug 22, 2025
Size: 8,019 SqFt (745 m2)
Price: $461/SqFt ($4,967/m2)
Type: Multi Family
Built: 1914
MLS Number: A11793460
On Site: 125 Days
Updated: 8 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

          Price History

          08/22/2025

          Date

          Sold

          Event

          $3.7M

          Price

          0%

          Change Rate

          $461 ft2 / $4,967 m2

          Price Per

          04/30/2025

          Date

          Price Reduced

          Event

          $3.7M

          Price

          -5.13%

          Change Rate

          $461 ft2 / $4,967 m2

          Price Per

          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 Comps

          $100/ft²
          $200/ft²
          $500/ft²
          $800/ft²

          Unit 1362 SW 2nd St – Asking

          $461/ft²

          (+7%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $430/ft²
          Community $/Price Range (Closed) $169/ft² – $659/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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