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.
Property Details
Price:
$1,690,000
MLS #:
A11542257
Status:
Active
Beds:
0
Baths:
0
Address:
634 SW 2nd St
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
RIVERSIDE, MIAMI SOUTH
Neighborhood:
Riverside, Miami South
City:
Miami
Listed Date:
Feb 12, 2024
State:
FL
Finished Sq Ft:
4,336
Total Sq Ft:
4,336
ZIP:
33130
Year Built:
1970
Units:
6
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Schools
Interior
Cooling
Electric, Wall/ Window Unit(s)
Flooring
Ceramic Floor, Tile
Heating
Electric, Window/ Wall
Exterior
Construction Materials
C B S Construction, Slab Construction, Stucco
Exterior Features
Balcony, Exterior Lights
Parking Spots
7
Roof
Concrete
Financial
Tax Year
2023
Taxes
$17,110
Map
Community
- Address634 SW 2nd St Miami FL
- SubdivisionRIVERSIDE, MIAMI SOUTH
- CityMiami
- CountyMiami-Dade County
- Zip Code33130
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