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1362 2nd St
Miami-dade, Lawrence Estates Land Cos, Miami, FL
FOR SALE
Asking
$3,990,000
BTC
59.778
ETH
2,025.89
Home Size
8,019 sq. ft.
Year Built
1914
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.
LOADING
Location
Market Area
Miami-Dade
Neighborhood
LAWRENCE ESTATES LAND COS
Agent
Oscar Arellano Jr.
+1 310 910 1722