850 NW 2nd St

850 NW 2nd St, Miami, FL 33128

  • For Sale $2,299,000.00
  • Property Type Multi-Family
  • Property Size 5,898 SF
  • Units 10
  • Lot Size 0.17 Acre
  • # of Floors 2
  • Property Tenancy Multi-Tenant
  • Year Built 1918
  • Date Updated Mar 26, 2024

Great income producing investment opportunity in Miami. 10 UNITS. This property is comprised of a fully renovated 8 unit apartment building consisting of one bedroom one bathroom units and a single-family home. Current ownership is operating the single-family home as a duplex with 2Br/1Ba in each unit for a total of 10 rental units.

Centrally located in Miami's Little Havana submarket, the area continues to see great rent collections. 

The 1/1s are currently rented at an average of $1800 per month. The single family is producing $4,000 per month. Current annual gross income of $176,700.00. Proforma gross income of $263,400. Property has new floors, new kitchen, new AC mini splits, and new bathrooms. Stainless steel appliances. Separate electric meters. Pro forma cap rate of 6.1%

 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • Located in Miami's Little Havana submarket. The Little Havana area continues to see great rent collections. Area is booming and growing from the inflow of residents from other States as they continue to be driven to Miami.

Contacts

broker

Ian Osorio

London Foster Realty

Location

Getting Around

  • Walk Score ®

    84/100 Very Walkable

  • Transit Score ®

    75/100 Excellent Transit

  • Bike Score ®

    69/100 Bikeable
Powered by Walk Score ®
  • City Miami, FL
  • Neighborhood Little Havana
  • Zip Code 33128
  • Market Miami

Points of Interest

  • Culmer

    0.64 miles

  • Government Center

    0.80 miles

  • MiamiCentral

    0.83 miles

  • Historic Overtown/Lyric Theatre

    0.87 miles

  • Wilkie D. Ferguson, Jr.

    0.88 miles

  • Miami Avenue

    0.96 miles

  • Third Street

    0.98 miles

  • Riverwalk

    1.06 miles

  • Civic Center

    1.06 miles

  • College North

    1.07 miles

  • Valero

    0.18 miles

  • Marathon

    0.76 miles

  • Sunflex

    0.77 miles

  • Shell

    0.79 miles

  • U Gas

    0.86 miles

  • Valero

    1.03 miles

  • U Gas

    1.11 miles

  • ChargePoint Charging Station

    1.31 miles

  • Chevron

    1.49 miles

  • Marathon

    1.58 miles

  • Center Field Garage

    0.64 miles

  • Third Base Garage

    0.69 miles

  • First Base Garage

    0.73 miles

  • Home Plate Garage

    0.78 miles

  • Lot 59

    0.82 miles

  • Lot 18

    0.83 miles

  • Garage 2

    0.87 miles

  • Lot 43

    0.90 miles

  • Dominion Tower Parking Garage

    0.91 miles

  • Garage 1

    0.91 miles

  • FANNYLU

    0.44 miles

  • Selina Miami River

    0.50 miles

  • Barlington Hotel

    0.54 miles

  • SpringHill Suites

    0.81 miles

  • SpringHill Suites by Marriott Miami Downtown/Medical Center

    0.81 miles

  • Dunns-Josephine Hotel

    0.82 miles

  • Casa Trinidad at #1

    0.95 miles

  • AC Miami Hotel Downtown & Element Miami Downtown

    1.00 miles

  • Aloft Miami Brickell

    1.07 miles

  • The Langford

    1.09 miles

  • McDonald's

    0.23 miles

  • Crust

    0.28 miles

  • Seaspice Brasserie & Lounge

    0.31 miles

  • García,s Seafood

    0.34 miles

  • Pinolandia

    0.35 miles

  • Rakachaka Grill y Más

    0.50 miles

  • La Santa Taqueria

    0.61 miles

  • Little Bread Cuban Sandwich Co.

    0.62 miles

  • Cafe La Trova

    0.64 miles

  • Taco Bell

    0.67 miles

  • Vann Academy II

    0.07 miles

  • Vann Academy

    0.08 miles

  • Lincoln-Marti School

    0.17 miles

  • Little Havana 2nd Campus

    0.17 miles

  • Lincoln-Marti School 11th Campus

    0.17 miles

  • Lincoln Marti Schools

    0.19 miles

  • Douglas Park Preschool

    0.33 miles

  • Wee Lads and Lassies Preschool

    0.40 miles

  • Riverside School

    0.42 miles

  • Coral Gate Park Preschool

    0.42 miles

  • Sagrada Familia Child Care Center

    0.18 miles

  • YWCA Gerry Sweet Early Learning Center

    0.58 miles

  • Centro Mater Day Care Center

    0.61 miles

  • Rainbow Little Havana Day Care Center

    0.66 miles

  • Rainbow Day Care Center

    0.67 miles

  • Carol Glasman Donaldson Child Care Center

    0.80 miles

  • Tamiami United Methodist Day Care Center

    0.83 miles

  • International Jose Marti YMCA Day Care Center

    0.88 miles

  • Terry's Day Nursery

    0.90 miles

  • Cedarail Child Care Center

    0.92 miles

Frequently Asked Questions

What is the total square footage of 850 NW 2nd St?

850 NW 2nd St totals 5,898 square feet.

When was this property built?

850 NW 2nd St was built in 1918.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Ian Osorio

London Foster Realty