HouseCanary, Inc. Brokerage
1362 SW 2nd St., Miami, FL 33135
Multifamily12 Beds10 Baths8,019 Sq Ft17 Days on Market
Listing Agent & Comments
Jorge Mederos • Mederos and Associates Real Estate Inc
786-353-2169 • jmederostrinity@gmail.com License #0496433Finally, this Cashy Cow is for sale. Legal 20 unit apt bldg. The in place gross yearly rental income is presently $335,880.00. The current NOI is $224,176.00! Even at these outstanding income numbers there is plenty of upside in raising rents. Sec 8 rents are much higher than current rents. Property feat. newer roofs & new PVC plumbing. There are 6 two bedroom units & 14 one bedroom units. Always 100% occupied. Priced at only $199,500 a unit this is unheard of for a 20 unit bldg. in Little Havana w/ these in place rents. 40 year certifications recently completed. Click on attachments to view the current rent roll, 2024 operating statement and 40 year certifications. The property has a Freddie Mac loan that is assumable. The rate is 3.83%. The balance is $1,735,000. Maturity date is 2030.
MLS# A11772031 • Data provided by Miami MLS
| Living Area | 8,019 Sq.Ft. |
|---|---|
| Lot Size | 0.3 Acres |
| Total Rooms | -- |
| Bedrooms | 12 |
| Bathrooms | 10 |
| Stories | 2 |
| Year Built | 1914 |
| Property Type | Multifamily |
| Zoning | 3901:KING HTS ORCHARD VI |
| HOA Name | -- |
| HOA Fee | -- |
| HOA Includes | -- |
| Tax Year | 2024 |
| Tax Amount | $42,228 |
| Property in Flood Zone | -- |
Data provided by Miami MLS.
This property is missing data for:
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Courtesy of Mederos and Associates Real Estate Inc
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Updated on 04/13/2025 at 6:04pm