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20 Unit Multifamily Building with Assumable Freddie Mac Loan

20 Unit Multifamily Building with Assumable Freddie Mac Loan

JUST LISTED

1362 SW 2 Street

Miami, FL

LISTED AT $3,900,000

High-performing 20-unit multifamily asset in the heart of Little Havana generating $339,480 in gross annual rent & $227,776 in NOI. Strong in-place income with plenty of upside—current rents are below Section 8 levels, offering immediate value-add potential through rental increases. Other features: newer roofs, upgraded PVC plumbing, & a history of consistent 100% occupancy. Unit mix: (1) 1-bed/2-bath, (14) 1-bed/1-bath, (4) 2-bed/1-bath, & (1) 2-bed/2-bath. Priced at just $195,000 per unit—rare for Little Havana with this level of stabilized income. 40-Year Recertifications have been completed. Attachments include the current rent roll, 2024 operating statement, & certification reports. Freddie Mac loan is assumable with a 3.83% interest rate, approx. $1,735,000 balance, & 2030 maturity.

20 Unit Multifamily Building with Assumable Freddie Mac Loan
20 Unit Multifamily Building with Assumable Freddie Mac Loan
20 Unit Multifamily Building with Assumable Freddie Mac Loan
20 Unit Multifamily Building with Assumable Freddie Mac Loan
20 Unit Multifamily Building with Assumable Freddie Mac Loan
20 Unit Multifamily Building with Assumable Freddie Mac Loan
20 Unit Multifamily Building with Assumable Freddie Mac Loan
20 Unit Multifamily Building with Assumable Freddie Mac Loan
20 Unit Multifamily Building with Assumable Freddie Mac Loan

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