641 NW 2nd St, Miami FL 33128
Six-unit multifamily on a 7,500 SF lot zoned T6-8-O in Little Havana, one block from the Miami River and minutes from Brickell and Downtown Miami. Two-story CBS building, 4,688 SF, with six identical 2 bedroom / 1 bathroom units, wood-style flooring, wall-mounted A/C and individual electric meters. Five units leased, Unit 4 vacant and ready for market rent. New roof, updated electrical and plumbing, 40-year recertification completed. Gated entry with se…
- MLS#
- A12075934
- Type
- Income/MultiFamily · Commercial Sale
- Year built
- 1972
- Lot size
- 7,500 sqft
- Days on market
- 19 days
Offering Memorandum
Six 2 bed / 1 bath units on a T6-8-O lot one block from the Miami River. Five units leased on seller-confirmed rents, Unit 4 vacant and ready for market rent, major systems already replaced.
- Units
- Six units, all 2 bedroom / 1 bathroom
- Lot size
- 7,500 SF
- Year built
- 1972
- Parking
- Assigned parking per unit
- Laundry
- On-site laundry
- Zoning
- T6-8-O
Zoning supports future redevelopment density beyond the existing structure.
- New roof
- Updated electrical system
- Updated plumbing system
- 40-year recertification completed: low risk for the investor
| Unit | Type | Monthly | Annual |
|---|---|---|---|
| Apt 1 | 2 / 1 | $2,250 | $27,000 |
| Apt 2 | 2 / 1 | $2,000 | $24,000 |
| Apt 3 | 2 / 1 | $2,500 | $30,000 |
| Apt 4 | 2 / 1 · vacant | $0 | $0 |
| Apt 5 | 2 / 1 | $2,500 | $30,000 |
| Apt 6 | 2 / 1 | $2,000 | $24,000 |
| Total | $11,250 | $135,000 |
Unit 4 is vacant and available at $2,500 market rent. Stabilized with Unit 4 leased: $13,750 a month, $165,000 a year. All six units at market: $180,000 a year.
| Real estate taxes | $25,885 |
| Water & sewer | $6,612 |
| Garbage collection | $5,880 |
| Tree / grounds | $1,800 |
| Electric (common) | $1,140 |
| Internet / camera | $480 |
| Total expenses | $41,797 |
Insurance to be confirmed by buyer and is not included above.
