Closed

East Little Havana, 634 SW 2nd St, Miami, FL 33130

1,690,000(-4.14% )
$1,620,000Price
4,336SqFt

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Details

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Status:
Sold - Apr 02, 2025
Size: 4,336 SqFt (403 m2)
Price: $374/SqFt ($4,022/m2)
Type: Multi Family
Built: 1970
MLS Number: A11542257
On Site: 522 Days
Updated: 123 Days ago
Page Views: 0
Nestled in east little havana, this 6-unit multifamily is blocks away from the miami river, downtown, brickell, calle 8, the brightline station, mdc campus, traditional and michelin star restaurants, world class museums, art galleries, live music venues, and the marlins stadium. The property features concrete roof deck with pro-graded waterproof membrane installed 2019 (hvhz rated|10-yrs warranty), interior remodel, tankless water heaters (2019), wall-mounted ac (2020-2021), independent electrical panels/meters, and 50-year recertification completed (2020). The occupancy rate above 99% for the past 5-yrs offers a steady cash flow on your investment. Rent rolls, financials and investment pro-forma attached. Cap rate 7.95% @ market rents. Do not disturb tenants. All units rented m2m.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: Balcony,Lighting
      Interior, Heating and Cooling
      • Heating Description: Electric,WallFurnace
      • Cooling Description: Electric, WallWindowUnits
      Building and Construction
      • Floor Description: CeramicTile,Tile
      • Year Built: 1970
      • Year Built Description: Effective Year Built
      • Style: Fourplex
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2024-02-29T20:16:28.000-00:00
        Taxes, Fees & More
        • Taxes: 17110

        Price History

        04/02/2025

        Date

        Sold

        Event

        $1.6M

        Price

        -4.14%

        Change Rate

        $374 ft2 / $4,022 m2

        Price Per

        08/13/2024

        Date

        Price Reduced

        Event

        $1.7M

        Price

        -2.31%

        Change Rate

        $390 ft2 / $4,195 m2

        Price Per

        02/29/2024

        Date

        Listed

        Event

        $1.7M

        Price

        $399 ft2 / $4,295 m2

        Price Per

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

        Listed by Yohanna TorresInnova Real Estate Corp • Buyer Agency Compensation .

        Instant Comps

        $100/ft²
        $300/ft²
        $600/ft²
        $900/ft²

        Unit 634 SW 2nd St – Asking

        $374/ft²

        (+7%) from Closed Medium $/ft²

        Closed Medium $/ft²

        $349/ft²
        Community $/Price Range (Closed) $251/ft² – $739/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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