634 2nd St ,Quadruplex for Sale

634 2nd St for Sale

Price $1,729,990.00

• Lot size 4336
• Year Build 1970
• Waterfront
• Zip 33130
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Nested in East Little Havana, this 6-unit building 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, the Miami Heats Arena and the Marlins Stadium. The property features new concrete roof with waterproof membrane (2019), tankless water heaters (4DU 2019), wall-mounted AC (2020-2021), interior remodel (5DU 2019) and independent electrical panels/meters. 50-year Recertification completed (2020). The occupancy rate above 99% offers a steady cash flow on your investment. Rent Rolls and financials available upon request. Besides multi-family housing, T4-R zoning allows home office use by right and B&B by warrant. Do not disturb tenants.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11542257 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 proforma attached. To schedule a showing, submit your request 48 hrs in advance with POF + loan pre-approval (if financing). Do not disturb tenants.

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

1/4 To Less Than 1/2 Acre Lot, Interior Lot, West Of US 1

Nested in East Little Havana, this 6-unit building 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, the Miami Heats Arena and the Marlins Stadium. The property features new concrete roof with waterproof membrane (2019), tankless water heaters (4DU 2019), wall-mounted AC (2020-2021), interior remodel (5DU 2019) and independent electrical panels/meters. 50-year Recertification completed (2020). The occupancy rate above 99% offers a steady cash flow on your investment. Rent Rolls and financials available upon request. Besides multi-family housing, T4-R zoning allows home office use by right and B&B by warrant. Do not disturb tenants.

City:Miami,Zoning:T4-R,Cooling:1:Wall/Window Unit(s),Heating:1:Window/Wall,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Flooring:1:Tile,Latitude:25.7715814,Cooling Y N:1,Heating Y N:1,List Price:1729990,Listing Id:A11542257,Longitude:-80.2050527,Mls Status:Active,Year Built:1970,Directions:634 SW 2nd St, Miami, FL 33130. Please use Google Maps.,Living Area:4336,Possession:1:Rental Agreement,Postal Code:33130,Street Name:2nd St,Coordinates:1:25.7715814,Lot Features:1:Interior Lot,2:West Of US 1,Photos Count:11,Building Name:RIVERSIDE, MIAMI SOUTH,Days On Market:18,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:41,M L S Area Major:Riverside, Miami South,On Market Date:2024-02-12,Parcel Number:01-02-02-010-1060,Parking Total:7,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,3:Water,Stories Total:2,Street Number:634,M I A M I R E_ Style:Fourplex,Public Remarks:Nested in East Little Havana, this 6-unit building 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, the Miami Heats Arena and the Marlins Stadium. The property features new concrete roof with waterproof membrane (2019), tankless water heaters (4DU 2019), wall-mounted AC (2020-2021), interior remodel (5DU 2019) and independent electrical panels/meters. 50-year Recertification completed (2020). The occupancy rate above 99% offers a steady cash flow on your investment. Rent Rolls and financials available upon request. Besides multi-family housing, T4-R zoning allows home office use by right and B&B by warrant. Do not disturb tenants.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Innova Real Estate Corp,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2329,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:RIVERSIDE, MIAMI SOUTH,Tax Annual Amount:17110,Total Actual Rent:102600,Unparsed Address:634 SW 2nd St, Miami FL 33130,Exterior Features:1:Exterior Lights,Listing Agreement:Exclusive Right To Sell,Operating Expense:32623,Year Built Details:Effective Year Built,Building Area Total:4336,Building Area Units:Square Feet,Lot Size Dimensions:50'x150',M I A M I R E_ L P Amt Sq Ft:398.9829,Original List Price:1729990,Public Survey Range:2,Building Area Source:Appraisal,Documents Available:1:Deposit - Security,2:Equipment Lists,3:Financial Statement,4:Investment Analysis,5:Copy Of Lease(S),6:Rent Rolls,I D X Participation Y N:1,Net Operating Income:69977,Number Of Units Total:6,Syndication Remarks:Nested in East Little Havana, this 6-unit building 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, the Miami Heats Arena and the Marlins Stadium. The property features new concrete roof with waterproof membrane (2019), tankless water heaters (4DU 2019), wall-mounted AC (2020-2021), interior remodel (5DU 2019) and independent electrical panels/meters. 50-year Recertification completed (2020). The occupancy rate above 99% offers a steady cash flow on your investment. Rent Rolls and financials available upon request. Besides multi-family housing, T4-R zoning allows home office use by right and B&B by warrant. Do not disturb tenants.,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,Street Number Numeric:634,Tax Legal Description:CITY OF MIAMI SOUTH PB B-41 LOT 5 BLK 21 LOT SIZE IRREGULAR,Green Energy Efficient:1:Water Heater,Public Survey Township:2,Construction Materials:1:Slab Construction,2:Stucco,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.00%,M I A M I R E_ Internet Remarks:Riverside 6-apartment building for sale at walking distance from Downtown Miami, Brickell and Calle Ocho!,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-02-12,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),Transaction Broker Compensation:2.00%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2.00%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:398.98,Internet Automated Valuation Display Y N:1,