Metro 1 Closes Little Havana Multifamily Asset After Going Under Contract Within 24 Hours

Written By Andres Nava

Metro 1 is pleased to announce the $1,255,000 sale of 1332 SW 2 Street in Little Havana, where the firm represented both the buyer and seller.

The fully occupied six-unit multifamily property went under contract within 24 hours of launching to market, reflecting continued demand for well-located, income-producing assets with value-add potential.

Situated on a 7,500 SF lot, the 4,528 SF building includes four 2BR/2BA units and two 1BR/1BA units. The property offered approximately a 5% in-place cap rate, with additional upside through renovations, rent growth and future property improvements.

The sale comes as Little Havana continues to evolve as an investment and redevelopment district. In September, Miami’s Planning, Zoning & Appeals Board advanced a transit-corridor land-use and rezoning package that would allow greater density across hundreds of parcels in the neighborhood, reinforcing the area’s long-term development potential.

Transaction Snapshot

  • Address: 1332 SW 2 Street, Miami, FL

  • Sale Price: $1,255,000

  • Units: 6

  • In-Place Cap Rate: ~5%

  • Buyer & Seller Reps: Alexandra Palomo Pujol & Lia Figueredo

  • Property Type: Multifamily

  • Building Size: 4,528 SF

  • Land Area: 7,500 SF

Andres Nava
Next

Metro 1 Leases 15,643 SF Class A Industrial Space in Little River/Little Haiti