Property Details
| Asking Price | $5,200,000 |
|---|---|
| Price per SqFt | — |
| Maintenance fee | Inquire |
| Property Taxes | Not yet assessed |
| Interior Space | — |
| Beds/Baths | —/— |
| Year Built | 1924 |
| Lot Size | 0.34 acres |
| MLS # | A12044489 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
From the listing
Fully Renovated Two-Building Multifamily Portfolio in the Heart of Little Havana. Located on SW 7th Street in Little Havana, this two-building portfolio consists of 24 residential units situated on a 15,000 SF lot, delivering stable in-place income with a renovated, turnkey asset profile and no immediate capital expenditure requirements. Both buildings underwent a comprehensive gut renovation in 2015, including new plumbing, updated electrical infrastructure, and reinforced floor structures. With a current gross income of $402,276 and a pro forma gross income of $590,400, the portfolio presents a compelling value-add story with clear upside through rental rate normalization — units are currently averaging below market rents, offering an investor the opportunity to capture a 6.68% pro forma cap rate.Little Havana continues to experience strong rental demand driven by its central location and direct connectivity to Miami's major employment hubs, including Downtown Miami, Brickell, the Health District, Coral Gables, and Miami International Airport. The neighborhood's affordability relative to surrounding submarkets, combined with ongoing private investment and revitalization, creates a resilient and growing tenant pool for multifamily investors seeking stable long-term returns. - 2 Folios: Includes 1529 SW 7 ST - Folio:01-4102-006-6019
Listed by Fausto Commercial Realty Consultants Inc
Sales History for This Home · 1521 SW 7th Street, Miami, FL 33135
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A1863672 | $1,725,000 | 1/16/15 |
Listed by Fausto Commercial Realty Consultants Inc. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami and throughout South Florida.
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Location
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