Home » Miami » 634 SW 2nd St, Miami, FL 33130 | A11542257

Fourplex (Quadruplex) For Sale 634 SW 2nd St, Miami, FL 33130

$1,690,000
Price has decreased by $39,990

Property Highlights

Listing ID A11542257 Status of this Listing: Active Under Contract (An offer has been accepted, considering Backup Offers) For Sale Property Type Residential Income (Multifamily 2-4) Fourplex (Quadruplex) Living Space 4,336 Sqft/402.83 m2 approx. Building Area 4,336 Sqft/402.83 m2 approx. Year Built 1970 Time of this property on Rebonus 339 Day(s)

634 SW 2nd St, Miami, FL 33130

Property 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.

Useful Info

Contingency:No Contingencies
Previous Asking Price:$1,729,990
Original List Price:$1,729,990
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is
  • Corporate Listing (Corporate Owned Property)

Lease Details

Rent Includes:
  • Sewer
  • Trash Collection
  • Water
  • Gardener

Measures

Living Area Source:
  • Appraiser

Land Lot (Parcel) Details

Lot Features:
  • 1/4 To 1/2 Acre Lot
  • Interior Lot
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Effective Year Built
Architectural
Style:
  • Fourplex
Levels:Two
Construction Materials:
  • Block
  • Stucco
Flooring:
  • Tile
  • Ceramic Tile
Stories:2
Foundation Details:
  • Slab

Property Features

Waterfront:No
Exterior Features:
  • Balcony
  • Lighting
Roof:
  • Concrete
Green Energy Efficient:
  • Water Heater
  • Roof
Air Conditioning:Yes
Air Conditioning System:
  • Wall/window Unit(s)
  • Electric
Heating:Yes
Heating System:
  • Electric
  • Wall Furnace

Taxes and Expenses

Tax Annual Amount:$17,110

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Property Tax Status:Tax Reflects City & County Tax,Tax Reflects Other Tax Exemption

Terms

Documents Available:
  • Financials
  • Rent Rolls
  • Lease
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Tenant
Buyer Possession:
  • Subject To Tenant Rights
  • Close Of Escrow
Lease Considered:No

Community

Subdivision Name:RIVERSIDE, MIAMI SOUTH
Community Features:
  • Laundry Facilities
Senior Community:No

Parking

Parking Total Spaces:7
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available

More Details

Other Information:
Tax InformationTax Reflects City & County Tax,Tax Reflects Other Tax Exemption
Flood ZoneAE
Type of AssociationNone
StyleFourplex
FEMA Flood Zone DesignationsAE
Municipal Code1
Ref1061876362
PACE (Property Assessed Clean Energy) program0
Subdivision Number10

Zoning and Legal

Tax Legal Description:CITY OF MIAMI SOUTH PB B-41 LOT 5 BLK 21 LOT SIZE IRREGULAR
Real Estate Folio Number (Parcel Number):01-02-02-010-1060
Zoning Description:T4-R
Public Survey Township:1
Public Survey Range:2
Public Survey Section:2

Listing History

Update/EventDate/Days
Published Date:February 29, 2024 8:16 pm
On Market Date:February 12, 2024
Price Change Date Time:August 13, 2024 11:09 pm
Last Important Update Description:Active Under Contract (An offer has been accepted, considering Backup Offers)
Date and Time of Last Important Update:January 3, 2025 4:06 pm
Status Last Changed:January 3, 2025 4:06 pm
Photos Last Modified:September 11, 2024 11:37 pm
Last Modified:January 29, 2025 1:55 am
Days on the Market Reference Date:January 29, 2025
Days on the Market (updated on Last Modified*):351
Cumulative Days on the Market (updated on Last Modified**):351

Additional Information

Lot Size Range:1/4 To Less Than 1/2 Acre Lot,Interior Lot,West Of
Number of Photos:12
Location:,,1/4 To Less Than 1/2 Acre Lot,Interior Lot,West Of US 1
Included:,,
Area:41
Automated Valuation Display:Yes
Courtesy of:Innova Real Estate Corp
Universal Property Id:US-12025-N-0102020101060-R-N

Location

Show Property Address:Yes
Street Name:2nd St
Street Number:634
Street Direction Prefix:SW
Street Address:634 SW 2nd St
City : Miami
State : Florida
Zip Code : 33130
County : Miami-Dade
Full Address:634 SW 2nd St, Miami, FL 33130
Latitude:N25° 46' 17.7''
Longitude:W81° 47' 41.8''

Neighborhood

Postal City:Miami

Property Map