1362 SW 2nd St - Apartments FOR SALE


Miami, FL 33135- Little Havana
$3,990,000 USD
305-525-7324
1362 SW 2nd St, Miami, FL for Sale
$3,990,000 USD
Apartments - FOR SALE
1/46
null | 5.94% Cap Rate

1362 SW 2nd St
Miami, FL 33135
Little Havana


HIGHLIGHTS

  • Newer roofs, Upgraded PVC plumbing, 40-Year Recertification completed, Stabilized income, Immediate value-add potential

OVERVIEW

High-performing 20-unit multifamily asset in the heart of Little Havana generating $356,580 in gross annual rent & $236,901 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 $199,500 per unit—rare for Little Havana with this level of stabilized income. 40-Year Recertifications have been completed. Attachments include the current rent roll, 2025 operating statement, & certification reports. Freddie Mac loan is assumable with a 3.83% interest rate, approx. $1,720,000 balance, & 2030 maturity.

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

20

PRICE/UNIT

$199,500

CAP RATE

5.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LBM Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,250 SF

ZONING

3901

APN/PARCEL ID

01-4102-006-2220

ASK ABOUT THIS PROPERTY

Oscar ArellanoColdwell Banker Residential BrokerageMore Info
305-525-7324

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Oscar ArellanoColdwell Banker Residential BrokerageMore Info
305-525-7324

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.