20-Unit Multifamily Investment Opportunity in Little Havana
1362 SW 2 Street, Miami FL
OFFERED AT $3,900,000
A rare opportunity has hit the market in one of Miami’s most active rental submarkets. 1362 SW 2 Street is a stabilized 20-unit multifamily asset in the heart of Little Havana offering strong in-place cash flow, completed recertifications, and significant upside potential.
Strong Cash Flow from Day One
This high-performing property is generating:
$356,580 in Gross Annual Income
$236,901 Net Operating Income
Consistent 100% Occupancy History
With stabilized income already in place, investors benefit from immediate returns while still having room to increase value.
Value-Add Potential in a High-Demand Submarket
Little Havana continues to see strong rental demand due to its proximity to Brickell, Downtown Miami, Coral Gables, and major employment centers.
Current rents at 1362 SW 2 Street are below Section 8 levels, presenting a clear opportunity to increase income through strategic rent adjustments while maintaining occupancy.
Attractive Per-Unit Pricing
The property is offered at just $199,500 per unit, which is rare for a 20-unit stabilized building in this location with this level of income and completed certifications.
Desirable Unit Mix
(1) 1 Bed / 2 Bath
(14) 1 Bed / 1 Bath
(4) 2 Bed / 1 Bath
(1) 2 Bed / 2 Bath
The mix of one- and two-bedroom units provides steady tenant demand and long-term stability.
Capital Improvements & Certifications Completed
Investors will appreciate the recent upgrades and compliance work:
Newer roofs
Upgraded PVC plumbing
40-Year Recertification completed
Major capital items have already been addressed, reducing near-term risk.
Assumable Freddie Mac Loan at 3.83%
One of the most attractive components of this offering is the assumable Freddie Mac loan:
3.83% Interest Rate
Approximate balance: $1,720,000
Maturity in 2030
In today’s higher-rate environment, this below-market financing creates a significant advantage for buyers.
Why Little Havana?
Little Havana remains one of Miami’s strongest rental markets due to:
Proximity to Brickell & Downtown
Strong workforce housing demand
Ongoing redevelopment and infrastructure improvements
Limited supply of stabilized 20+ unit buildings
Opportunities at this size and price point rarely become available.
Investment Summary
1362 SW 2 Street presents a compelling combination of:
✔ Stabilized income
✔ Immediate value-add potential
✔ Completed 40-year recertification
✔ Assumable low-interest debt
✔ Attractive per-unit basis
For investors seeking cash flow with upside in a prime Miami location, this asset checks every box.
For financials, rent roll, or to schedule a private tour, contact The Oscar Arellano Team directly.
