1648 Sw 7th St, Miami, FL 33135

$2,925,000
List Price
$2,925,000
MLS#
A11630870
Status
ACTIVE
Type
Commercial

Property Description

Investor’s dream in the heart of Historic Little Havana. This 8-unit multifamily property features spacious 2- bedroom, 1-bathroom apartments. Currently generating over $18,000 per month in rental income, all 8 units are leased with vetted and qualified tenants and yearly long-term leases. Immense potential to convert all units into short- term rentals, which will significantly boost rental income. Renovated in 2021, each unit boasts new bathrooms, kitchens with granite countertops, in-unit washer/dryer, AC splits, upgraded plumbing, and electrical panels. The 40-Year Re-Certification is nearing completion, offering peace of mind to the new owner. Just steps from Calle Ocho’s renowned eateries, shopping, nightclubs, and rich cultural heritage, this property is a gem!

Additional Information

Days on Market
43
Tax Amount
$35,542
Parcel Number
01-41-02-012-0050
Lot Size
5,000
Address
1648 Sw 7th St, Miami
Year Built
1924
Section
2

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Listing Courtesy of FI Real Estate Brokerage LLC, Contact: