634 2nd St ,Quadruplex for Sale

634 2nd St for Sale

Price $1,690,000.00

• Lot size 4336
• Year Build 1970
• Waterfront
• Zip 33130
• Style
• Parking Description
• 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

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

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,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:1690000,Listing Id:A11542257,Longitude:-80.2050527,Mls Status:Active With Contract,Year Built:1970,Directions:634 SW 2nd St, Miami, FL 33130. Please use Google Maps.,Living Area:4336,Postal Code:33130,Street Name:2nd St,Contingency:No Contingencies,Coordinates:1:25.7715814,Lot Features:1:Interior Lot,2:West Of US 1,Photos Count:12,Building Name:RIVERSIDE, MIAMI SOUTH,Days On Market:393,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,Structure Type:1:Fourplex,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,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:175864,Unparsed Address:634 SW 2nd St, Miami FL 33130,Exterior Features:1:Exterior Lights,Listing Agreement:Exclusive Right To Sell,Operating Expense:41201,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:389.7601,Original List Price:1729990,Previous 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:134663,Number Of Units Total:6,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?,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:2024-10-09,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),Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:389.76,Internet Automated Valuation Display Y N:1,