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Multifamily Residential
$1,690,000
$1,729,990
2%
634 SW 2nd St Miami, FL

A11533761

14 of 80 for Sale
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an agent
  • Listed On:

    Feb 15, 2024
  • Days on Market:

    191
  • Year:

  • Taxes:

    $17,110 per year
  • Floor Description:

    Ceramic Floor, Tile
  • Occupancy:

  • Zoning:

  • Parking:

    Assigned, On Street

634 SW 2nd St Miami, FL 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.

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For Sale Details

  • Floor Description

    Ceramic Floor, Tile

  • Heating Description

    Wall/Window Units

  • Net Operating Income

    69977

  • Ownership

    Corporation

  • Parking Description

    Assigned, On Street

  • Photo Count

    11

  • Property Type

    Commercial Sale

  • SqFt Total

    7500

  • Terms Considered

    All Cash, Conventional/Refinance, Exchange

  • Year Built

    1970

Any questions about Multifamily Residential?
Contact our Miami Real Estate Specialist today.

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