Property 1037 NW 2nd Street, Miami, FL 33128 for sale with MLS# A12002015
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. 2026 New Construction - Asking Rents for Studio ($1,800) 2/1($2,500)- Annual $15,000 Ins premium. Day-to-day operational overhead isremarkably lean-with minimal costs allocated for garbage collection($3,000/yr), lawn care ($960/yr), Cap Exp ($780/yr), and common areautilities like electricity ($700/year), water/sewer ($575/yr)
1037 NW 2nd Street, Miami, FL 33128
- Price:
- $3,775,000.00
- Original List Price:
- $3,775,000.00
- Tenant Pays:
- Electricity, Insurance, Water, Inside Insurance, Interior Electric
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- April 1, 2026 4:00 am
- Built-Up Area:
- 6,098 Sqft
- Lot Size Acres:
- 0.16
- Air Conditioning
- Air Conditioning System:
- Central Individual
- Heating
- Heating System:
- Electric
- Year Built:
- 2026
- Number of Buildings:
- 1
- Number of Units Total:
- 2
- Number of stories:
- 2
- Flood Zone Code:
- AE
- Property Condition:
- New Construction
- Parking Total Spaces:
- 6
- Parking Features:
- Covered, Assigned
- Sewer:
- Public Sewer
- Water Source:
- Public
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional, 1031 Exchange, Other
- 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
- Real Estate Folio Number (Parcel Number):
- 0141020051650
- Zoning:
- 3900
- Active on the market since:
- April 1, 2026
- Listing Agreement executed on:
- April 1, 2026
- Listing Status Last Changed On:
- April 1, 2026 4:00 am
- Photos updated on:
- April 16, 2026 6:04 am
- Last Modified:
- May 3, 2026 6:03 pm
- Courtesy of:
- LUXE Capital Advisors
- Attribution:
- Not provided
- Street Name:
- 2nd
- Street Number:
- 1037
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33128
- County:
- Miami-Dade
- Latitude:
- N25° 46' 33''
- Longitude:
- W81° 47' 15.7''
- Street Suffix:
- Street
- Street Direction Prefix:
- NW
Want to schedule an in-person or virtual tour? Have questions?
Want to schedule an in-person or virtual tour? Have questions?
Schedule a Tour or Ask a Question
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad 1037 NW 2nd Street, Miami, FL 33128
