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Multifamily Residential
$2,300,000
550 SW 10th St Miami, FL

A11605993

36 of 100 for Sale
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an agent
  • Listed On:

    Jun 14, 2024
  • Days on Market:

    163
  • Year:

  • Taxes:

    $15,349 per year
  • Floor Description:

    Tile, Wood
  • Occupancy:

  • Zoning:

  • Parking:

550 SW 10th St Miami, FL Welcome to Havana House. This 8-unit building comprises large one-bedroom, one-bath units, all with assigned parking. Three of the units have been remodeled, and the remaining five are in good condition. The roof was replaced in 2024, and all windows are impact-resistant. Plumbing was upgraded in 2023, along with the laundry facility. The building was recently painted and is ready for sale. All tenants are on month-to-month leases. Its proximity to Brickell and Little Havana makes this an ideal location for short-term rentals. The property has completed its 40-year recertification. With market rent at $2,000 per unit, the yearly income can be $192,000, with a CAP rate of over 7%. Please call the listing agent and do not disturb the tenants.

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For Sale Details

  • Floor Description

    Tile, Wood

  • Heating Description

    Wall/Window Units

  • Insurance Expense

    5700

  • Net Operating Income

    117000

  • Ownership

    Corporation

  • Photo Count

    33

  • Property Type

    Commercial Sale

  • SqFt Total

    7500

  • Terms Considered

    All Cash, Conventional/Refinance

  • Year Built

    1954

Any questions about Multifamily Residential?
Contact our Miami Real Estate Specialist today.

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