$3,775,00051 days on marketActive

1037 NW 2nd Street, Miami, FL 33128

Miami, FL 33128

Sq Ft

2026

Year Built

0.16 acres

Lot Size

Listing Snapshot

List Price	$3,775,000
Beds	0
Baths	0
Living Area	0 sqft
Lot Size	0.16 acres

Year Built	2026
MLS #	1157664117
Status	Active
Days on Market	51

About This Home

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)