634 SW 2nd St Save Request In-Person Tour Request Virtual Tour
Miami,FL 33130
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,336 sqft
Price per Sqft $389
Subdivision Riverside, Miami South
MLS Listing ID A11542257
Style Fourplex
Year Built 1970
Annual Tax Amount $17,110
Tax Year 2023
Property Description
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.
Location
State FL
County Miami-dade
Community Riverside, Miami South
Area 41
Interior
Heating Electric,Wall Furnace
Cooling Electric,Wall/Window Unit(s)
Flooring Ceramic Tile,Tile
Exterior
Exterior Feature Balcony,Lighting
Pool None
Community Features Laundry Facilities
Utilities Available Cable Available
Waterfront No
Roof Type Concrete
Building
Lot Description Interior Lot,1/4 to 1/2 Acre Lot
Story 2
Foundation Slab
Sewer Public Sewer
Structure Type Block,Stucco
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Corporate Listing,Listed As-Is