No photos available
Offered at
$3,775,000
1037 NW 2nd Street, Miami, FL 33128
- 0
- Beds
- 0
- Full Baths
- 6,098
- Sq.Ft.
Listing courtesy of Denis S Alvarez, LUXE Capital Advisors
Property Description
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)
Overview
At a glance
- Property Type
- Commercial Sale
- Property Sub-Type
- Multi Family
- Address
- 1037 NW 2nd Street, Miami, FL 33128
- Zoning
- 3900
- MLS ID
- A12002015
- Listing Date
- 2026-04-01
- Last Updated
- 5/3/2026, 6:03:57 PM
- Days on Market
- 71
Features & Amenities
The Details
Exterior
- Parking
- Assigned, Covered
- Water Source
- Public
- Sewer
- Public Sewer
- Cooling
- Central Individual
- Heating
- Electric
Details
- Building Area
- 6,098 sq.ft.
- Lot Size
- 7,000 sq.ft.
- Lot Size (Acres)
- 0.16 acres
- Stories
- 2
- Year Built
- 2026
- County
- Miami-Dade
- Zoning
- 3900
Financial
- List Price
- $3,775,000
- Original List Price
- $3,775,000
Location
Inquire
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Learn More →Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.