634 2nd St ,Free Standing, Income Non-waterfront for Sale & Rent

634 2nd St for Sale & Rent

Price $1,690,000.00

• Lot size 7500
• Year Build
• Waterfront
• Zip 33130
• Style
• Parking Description Assigned, On Street
• Pool Yes
• Status Active With Contract

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.

All information is deemed accurate but not guaranteed. Buyer/Buyer's Agent must complete their own due diligence. Excluded from sale: stove oven in unit #2 (tenant's property). Owner pays water and sewer (no individual meters installed). Coin-op washer and dryer convey. Please review Rent Roll, 2023 financials and investment pro-forma attached. Seven off-street parking spaces, 10 bedrooms and 6 bathrooms. To schedule a showing, submit your request 24 hrs. in advance with POF + loan pre-approval (if financing). 50-Year Inspection Report and Certificate avail. Roof covering membrane 10-year warranty through 2029. Do not disturb tenants.

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

Central Business District, Near Airport, Near Seaport, In Residential Area

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.

City:Miami,Zoning:T4-R,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Electric:1:Separate Meters,Flooring:1:Tile,Latitude:25.7715814,Cooling Y N:1,Heating Y N:1,Lease Term:Annual Lease,Month To Month,List Price:1690000,Listing Id:A11533761,Longitude:-80.2050527,Mls Status:Active With Contract,Ownership:Corporation,Directions:634 SW 2nd St, Miami, FL 33130. Please use Google Maps,Inclusions:Building & Land,Fixtures,Inventory, Equipment,Leases,Postal Code:33130,Street Name:2nd St,Contingency:No Contingencies,Coordinates:1:25.7715814,Gross Income:175864,Lot Features:1:Near Airport,2:Near Seaport,3:In Residential Area,Photos Count:12,Building Name:RIVERSIDE, MIAMI SOUTH,Business Type:1:Residential-Multi-Family,Days On Market:393,Listing Terms:1:Conventional/Refinance,Lot Size Acres:0.172,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2024-02-12,Parcel Number:01-02-02-010-1060,Parking Total:7,Property Type:Commercial Sale,Stories Total:2,Street Number:634,Open Parking Y N:1,County Or Parish:Miami-Dade County,List Office Name:Innova Real Estate Corp,Private Remarks:All information is deemed accurate but not guaranteed. Buyer/Buyer's Agent must complete their own due diligence. Excluded from sale: stove oven in unit #2 (tenant's property). Owner pays water and sewer (no individual meters installed). Coin-op washer and dryer convey. Please review Rent Roll, 2023 financials and investment pro-forma attached. Seven off-street parking spaces, 10 bedrooms and 6 bathrooms. To schedule a showing, submit your request 24 hrs. in advance with POF + loan pre-approval (if financing). 50-Year Inspection Report and Certificate avail. Roof covering membrane 10-year warranty through 2029. Do not disturb tenants.,Standard Status:Active Under Contract,Living Area Units:Square Feet,Major Change Type:Active Under Contract,New Taxes Expense:17110,Parking Features:1:On Street,Postal Code Plus4:2329,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SW,Tax Annual Amount:17110,Unparsed Address:634 SW 2nd St, Miami FL 33130,Building Features:1:Exterior Lighting,2:Laundry Facilities,3:Light Traffic,4:Pedestrian Traffic,Listing Agreement:Exclusive Right To Sell,Operating Expense:41201,Road Frontage Type:1:County Road,Security Features:1:Smoke Detector(s),Year Built Details:New Construction,Building Area Total:4336,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Dimensions:50'x150',Lot Size Square Feet:7500,Number Of Buildings:1,Original List Price:1729990,Previous List Price:1729990,Public Survey Range:2,Documents Available:1:Copy Of Lease(S),2:Owner Managed,3:Personal Property Inventory,4:Photos,5:Rent Rolls,I D X Participation Y N:1,Net Operating Income:134663,Financial Data Source:1:Projected Pro-Forma,Listing Contract Date:2024-02-12,Originating System I D:miamire,Public Survey Section:2,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,See Broker Remarks,Showing Assist,Street Number Numeric:634,Tax Legal Description:CITY OF MIAMI SOUTH PB B-41 LOT 5 BLK 21 LOT SIZE IRREGULAR,Electric On Property Y N:1,Green Energy Efficient:1:Water Heater,Public Survey Township:2,Construction Materials:1:Slab Construction,2:Stucco,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:6-unit building walking to Downtown Miami offers 7.95% cap rate,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-10-10,Distance To Freeway Numeric:5,Internet Address Display Y N:1,Number Of Units In Community:6,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,