1037 2nd St , for Sale & Rent

1037 2nd St for Sale & Rent

Price $3,775,000.00

• Lot size 7000
• Year Build 2026
• Waterfront
• Zip 33128
• Style
• Parking Description Assigned, Covered
• Pool Yes
• Status Active

Description

Newly constructed 10-unit multifamily asset in the rapidly growing East Little Havana submarket of Miami. The building features a well-balanced unit mix of FOUR studio apartments and SIX two-bedroom residences, designed to appeal to a wide range of tenants, including young professionals, medical employees, and small families. Each unit includes modern kitchens, stainless steel appliances, porcelain tile flooring, central air conditioning, and an in-unit washer and dryer, providing a contemporary living experience that supports strong tenant demand. Based on current market rents, the property has the potential to generate approximately $22,000 in gross monthly income, or $264,000 annually, representing an estimated capitalization rate of approximately 6 percent.

2 54 41 PB 2-46 LAWRENCE ESTATE LAND COS SUB LOT 14 LESS S10FT BLK 9 LOT SIZE 7000 SQUARE FEET OR 17959-3679 0198 4

Newly constructed 10-unit multifamily asset in the rapidly growing East Little Havana submarket of Miami. The building features a well-balanced unit mix of FOUR studio apartments and SIX two-bedroom residences, designed to appeal to a wide range of tenants, including young professionals, medical employees, and small families. Each unit includes modern kitchens, stainless steel appliances, porcelain tile flooring, central air conditioning, and an in-unit washer and dryer, providing a contemporary living experience that supports strong tenant demand. Based on current market rents, the property has the potential to generate approximately $22,000 in gross monthly income, or $264,000 annually, representing an estimated capitalization rate of approximately 6 percent.

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:3,Latitude:25.7758447,Cooling Y N:1,Heating Y N:1,List Price:3775000,Listing Id:A12002015,Longitude:-80.2123701,Mls Status:Active,Year Built:2026,Directions:GPS,Inclusions:Leases,Postal Code:33128,Street Name:2nd St,Tenant Pays:1:Inside Insurance,2:Water,Coordinates:1:25.7758447,Photos Count:37,Business Type:1:Residential-Multi-Family,Days On Market:15,Listing Terms:1:Conventional/Refinance,2:Exchange,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2026-04-01,Parcel Number:01-41-02-005-1650,Parking Total:6,Property Type:Commercial Sale,Stories Total:3,Street Number:1037,Public Remarks:Newly constructed 10-unit multifamily asset in the rapidly growing East Little Havana submarket of Miami. The building features a well-balanced unit mix of FOUR studio apartments and SIX two-bedroom residences, designed to appeal to a wide range of tenants, including young professionals, medical employees, and small families. Each unit includes modern kitchens, stainless steel appliances, porcelain tile flooring, central air conditioning, and an in-unit washer and dryer, providing a contemporary living experience that supports strong tenant demand. Based on current market rents, the property has the potential to generate approximately $22,000 in gross monthly income, or $264,000 annually, representing an estimated capitalization rate of approximately 6 percent.,County Or Parish:Miami-Dade County,Expiration Date:2026-09-30,List Office Name:LUXE Capital Advisors,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Covered,Postal Code Plus4:1104,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Unparsed Address:1037 NW 2nd St, Miami FL 33128,Listing Agreement:Exclusive Agency,M I A M I R E_ Blogging:1,Year Built Details:New Construction,Building Area Total:6098,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:7000,M I A M I R E_ Flood Zone:AE,M I A M I R E_ For Sale Y N:1,M I A M I R E_ Num Floors:2,New Construction Y N:1,Number Of Buildings:1,Original List Price:3775000,Public Survey Range:41,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Newly constructed 10-unit multifamily asset in the rapidly growing East Little Havana submarket of Miami. The building features a well-balanced unit mix of FOUR studio apartments and SIX two-bedroom residences, designed to appeal to a wide range of tenants, including young professionals, medical employees, and small families. Each unit includes modern kitchens, stainless steel appliances, porcelain tile flooring, central air conditioning, and an in-unit washer and dryer, providing a contemporary living experience that supports strong tenant demand. Based on current market rents, the property has the potential to generate approximately $22,000 in gross monthly income, or $264,000 annually, representing an estimated capitalization rate of approximately 6 percent.,Listing Contract Date:2026-04-01,Originating System I D:miamire,Public Survey Section:2,Showing Instructions:24 Hour Notice,Call Listing Agent,Street Number Numeric:1037,Tax Legal Description:2 54 41 PB 2-46 LAWRENCE ESTATE LAND COS SUB LOT 14 LESS S10FT BLK 9 LOT SIZE 7000 SQUARE FEET OR 17959-3679 0198 4,M I A M I R E_ Current Price:3775000,Public Survey Township:41,M I A M I R E_ Municipal Code:1,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:New construction 10-unit multifamily building located at 1037 NW 2nd St in East Little Havana. 10-units MF - 4 STs 6 2Bs. $21.5K/Month ~6% cap rate.,M I A M I R E_ Parcel Number M L X:1650,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.775846$-80.212295$324.83$13.33$1.00$aUFxdFUjYnM5fJGLz3X2pQ,Contract Status Change Date:2026-04-01,Internet Address Display Y N:1,Number Of Units In Community:10,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:5,M I A M I R E_ Agent Alternate Phone:305-487-8487,M I A M I R E_ Supplemental Remarks:2026 New Construction - Asking Rents for Studio ($1,800) 2/1($2,500) - Annual $15,000 Ins premium. Day-to-day operational overhead is remarkably lean—with minimal costs allocated for garbage collection ($3,000/yr), lawn care ($960/yr), Cap Exp ($780/yr), and common area utilities like electricity ($700/year), water/sewer ($575/yr),Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1037 NW 2nd St,Internet Automated Valuation Display Y N:1,