850 Northwest 2nd Street

Miami, FL 33128

$2,299,000
Price
—
Beds
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— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.

Description

Great income producing investment opportunity in Little Havana. 10 UNITS. 100% Occupied. Current annual gross income of $221,100.00. 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. The 1/1s are currently rented at an average of $1800 per month. The single family is producing $4,000...Great income producing investment opportunity in Little Havana. 10 UNITS. 100% Occupied. Current annual gross income of $221,100.00. 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. The 1/1s are currently rented at an average of $1800 per month. The single family is producing $4,000 per month. Property has new floors, new kitchen, new AC mini splits, and new bathrooms. Stainless steel appliances. Separate electric meters. Actual current Cap Rate 6.28%
  1. Listed by Ian Lazaro Osorio • London Foster Realty

Property Details for 850 Northwest 2nd Street

Area
41
Auction
No
LISTING UPDATED: 06/10/2024 05:59 PM

Property Details for 850 Northwest 2nd Street

StatusActive
MLS #A11551329
Days on Market284
Taxes$17,712 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1918
Lot Size0.17 AC / 7,500 SF
CountyMiami-Dade County

Building Information for 850 Northwest 2nd Street

Stories-Residences-Year Built1918Building Size-Lot Size0.17 AC / 7,500 SF

Property Information for 850 Northwest 2nd Street

Location Information
Location Information
  • Parcel Number Free Text: 01-41-38-003-3310
  • Parcel Number MLX: 3310
  • MLS Area: 41
  • Township Range: 41
  • Section: 38
  • Subdivision Number: 3
  • Unit Count: 7
  • Zoning Information: 3900
General Information
General Information
  • Prop Type-Type of Building: Commercial/Residential Income, Residential-Multi-Family
  • Building Sq Ft: 5,898
Additional Property Information
Additional Property Information
  • Guest Accommodations: No
Financial Information
Financial Information
  • Total Mortgage: $1,056,500
  • Flood Zone: AE

Property History for 850 Northwest 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 850 Northwest 2nd Street

Taxable ValueLand$375,000Additions$792,076Total$1,167,076
Tax Record2023$17,712 ($1,476 / month)
Home Facts
Total Finished SqFt1,650 SqFtAbove Grade Finished SqFt1,650 SqFtStories1Lot Size7,500 SqFtStyleMulti-Family Dwelling (2-4)Year Built1918Zoning3900:MULTI-FACountyMIAMI-DADEAPN01-4138-003-3310

Schools near 850 Northwest 2nd Street

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Riverside Elementary Community School
Public - PK to 5
Air Base K-8 Center for International Education
Public - PK to 8
Jose De Diego Middle School
Public - 6 to 8
Robert Morgan Voc-Tech Institute
Public - 9 to 12
Rating
School
Distance
Riverside Elementary Community School
PublicPK to 5

Air Base K-8 Center for International Education
PublicPK to 8

Jose De Diego Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 850 Northwest 2nd Street, Miami, FL 33128

850 Northwest 2nd Street is a multi-family home for sale in Miami, FL 33128. This property was listed for sale on March 15, 2024 by London Foster Realty, it's currently listed at $2,299,000. It has been on the market for a total of 284 days and was last sold on February 2, 2023. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Riverside Elementary Community School, Air Base K-8 Center for International Education and Jose De Diego Middle School. 850 Northwest 2nd Street is a 0-bed, 0-bath, multi-family home built in 1918.

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Listing Courtesy of London Foster Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.