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Gelfand Realty Miami Properties for Sale - Income/MultiFamily for Sale

634 SW 2ND ST, MIAMI, FL 33130

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Income/MultiFamily - RIVERSIDE, MIAMI SOUTH for Sale

634 SW 2ND ST, MIAMI, FL 33130

Asking Price$1,690,000 Change Price$39,990

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  • Days on market:

    184 day(s)

  • Original Price:

    $1,729,990

  • Tax Legal Description:

    CITY OF MIAMI SOUTH PB B-41 LOT 5 BLK 21 LOT SIZE IRREGULAR

  • Tax Year:

    2023

  • Property Type:

    Income/MultiFamily

  • Parking:

    Assigned On Street

  • Inclusions:

    Building & Land,Fixtures,Inventory, Equipment,Leases

  • Lease Term Remaining:

    Annual Lease,Month To Month

  • Construction Type:

    Cbs ConstructionSlab Construction Stucco

  • Roof:

    Concrete

  • Cooling Description:

    Wall/Window Unit(s)

  • Heating Description:

    Wall/Window Units

  • Floor Description:

    Ceramic Floor Tile

  • Special Listing Conditions:

    Sale

  • Lot Features:

    Central Business District Near AirportIn Residential Area Near Seaport

Description

$1,690,000

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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