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634 SW 2nd St, Miami FL 33130,Miami,Miami-Dade County,Commercial Sale

$1,690,000

Commercial Sale Closed

634 SW 2nd St, Miami FL 33130

WhatsApp Pinterest Facebook Twitter Linkedin Email

Commercial Sale Closed

634 SW 2nd St, Miami FL 33130,Miami,Miami-Dade County,Commercial Sale

634 SW 2nd St, Miami FL 33130

$1,690,000

Overview

Income/MultiFamily
Property Type

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.

Address

Open on Google Maps

Address 2nd St
City Miami
State/county Miami-Dade County
Zip/Postal Code 33130

Details

Updated on April 3, 2025 at 6:21 am

Property ID: A11533761
Price: $1,690,000
Land Area: 0.172 Square Feet
Property Type: Income/MultiFamily
Property Status: Commercial Sale

Additional details

StreetDirPrefix: SW
PublicSurveyRange: 2
ShowingInstructions: 24 Hour Notice,Appointment Only,Call Listing Agent,See Broker Remarks,Showing Assist
ListAgentKey: 7690a0c3e83c7f986de8e28398a231cd
TaxLegalDescription: CITY OF MIAMI SOUTH PB B-41 LOT 5 BLK 21 LOT SIZE IRREGULAR
OnMarketDate: 2024-02-12
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2025-04-02
MajorChangeTimestamp: 2025-04-03T03:25:55.977Z
Flooring: Ceramic Floor,Tile
PhotosCount: 12
Cooling: Wall/Window Unit(s)
StatusChangeTimestamp: 2025-04-03T03:25:55.977Z
SecurityFeatures: Other Fire Protection,Smoke Detector(s)
BuyerAgentFullName: NON-MLS MEMBER
FinancialDataSource: Owner Provided,Projected Pro-Forma
BuildingName: RIVERSIDE, MIAMI SOUTH
CurrentFinancing: Conventional
OffMarketTimestamp: 2025-04-02T04:00:00.000Z
PriceChangeTimestamp: 2024-08-14T04:04:48.353Z
ListingKeyNumeric: 391968701
MajorChangeType: Closed
ListingContractDate: 2024-02-12
Zoning: T4-R
ListAOR: A-Miami Association of REALTORS
TaxAnnualAmount: 17110
ListOfficeName: Innova Real Estate Corp
CurrentUse: Income Non-Waterfront
OriginatingSystemKey: miamire
BusinessType: Apartments,Residential-Multi-Family
PhotosChangeTimestamp: 2024-09-11T23:20:19.107Z
RoadFrontageType: City Street,County Road
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 239-573-4646
MlsStatus: Closed
StreetNumber: 634
LeaseTerm: Annual Lease,Month To Month
ListingKey: 9c14ea6aa530280aafba7bae652c729c
StateOrProvince: FL
ShowingContactType: Agent
ListOfficeKey: f6b7b683e3ff0093477cff3401b40bc3
Directions: 634 SW 2nd St, Miami, FL 33130. Please use Google Maps
BridgeModificationTimestamp: 2025-04-03T03:54:51.645Z
ListAgentFullName: Yohanna Torres
Roof: Concrete
PropertyCondition: New Construction
ParkingTotal: 7
ListAgentOfficePhone: 239-573-4646
Stories: 2
GrossIncome: 175864
ParcelNumber: 01-02-02-010-1060
ListingTerms: All Cash,Conventional/Refinance
OperatingExpense: 41201
YearBuiltDetails: New Construction
BuyerAgentDirectPhone: 305-468-7000
OtherExpense: 0
Possession: Rental Agreement
LeaseConsideredYN: 1
IDXParticipationYN: 1
DistanceToFreewayNumeric: 5
OffMarketDate: 2025-04-02
InternetAddressDisplayYN: 1
Contingency: No Contingencies
CloseDate: 2025-04-02
ListAgentMlsId: 3382604
WaterSource: Public
LotSizeDimensions: 50'x150'
StoriesTotal: 2
ModificationTimestamp: 2025-04-03T03:25:55.977Z
BuyerAgentKey: 8b0fb565e8a5d0c35d3b2555670ca6cb
BuyerAgentEmail: [email protected]
OriginatingSystemID: miamire
PreviousListPrice: 1729990
DaysOnMarket: 240
NetOperatingIncome: 134663
ListOfficeMlsId: INNC01
Inclusions: Building & Land,Fixtures,Inventory, Equipment,Leases
ClosePrice: 1620000
ListAgentDirectPhone: 786-536-8148
PendingTimestamp: 2024-10-09T04:00:00.000Z
StreetNumberNumeric: 634
ParkingFeatures: Assigned,On Street
PostalCodePlus4: 2329
NumberOfUnitsInCommunity: 6
Sewer: Public Sanitation
SyndicationRemarks: 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.
Heating: Wall/Window Units
StructureType: Free Standing
ListAgentStateLicense: 3382604
PublicSurveyTownship: 2
StreetName: 2nd St
ListOfficeFax: 800-360-0127
ListingAgreement: Exclusive Right To Sell
PublicSurveySection: 2
SpecialListingConditions: Sale
NumberOfBuildings: 1
OriginalListPrice: 1729990
GreenEnergyEfficient: Roof,Water Heater
BuildingAreaUnits: Square Feet
InternetEntireListingDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
TaxYear: 2023
BuildingFeatures: Balconies,Exterior Lighting,Laundry Facilities,Light Traffic,Pedestrian Traffic
OriginalEntryTimestamp: 2024-02-15T09:31:07.793Z
SourceSystemKey: 391968701
Ownership: Corporation
BuyerAgentMlsId: NMLS04
LotFeatures: Central Business District,Near Airport,Near Seaport,In Residential Area
PossibleUse: Investment
BuyerOfficeMlsId: NMLS04
DocumentsAvailable: Financial Statement,Copy Of Lease(S),Owner Managed,Personal Property Inventory,Photos,Rent Rolls
ConstructionMaterials: CBS Construction,Slab Construction,Stucco
BuyerOfficeName: MAR NON MLS MEMBER
LotSizeSquareFeet: 7500
TenantPays: Electricity
BuyerOfficeKey: d5e8e4e63a1591650cd6e746efe516db
Electric: 200+ Amp Service,Separate Meters
NewTaxesExpense: 17110
InternetConsumerCommentYN: 1
BuildingAreaTotal: 4336