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634 SW 2nd St, Miami FL 33130

Commercial Sale

634 2nd St

Miami, FL 33130

ML#:A11533761
List Price:$1,690,000
Status:Closed
Days on Market:240
Listing Brkr:Innova Real Estate Corp
Subdivision:
Bedrooms:0
Baths:0
SqFt (Liv):
Lot Size:0.172 acres
Year Built:
Stories:2

General Information

Type Property:Commercial Sale
Style:Income/MultiFamily
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:33130
Subdivision:
Latitude:25.771581
Longitude:-80.205053

Additional Features

Flooring:Ceramic Floor, Tile
Heating:Wall/Window Units
Cooling:Wall/Window Unit(s)
Construction:CBS Construction, Slab Construction, Stucco
Waterfront:No
Security:Other Fire Protection, Smoke Detector(s)

Financial Information

Annual Taxes (2023):$17,110
Original Price:$1,729,990
Days on Market:240

Remarks

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.

Listing Agent

Yohanna Torres

Innova Real Estate Corp

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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