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Residential Income
$2,725,000
1648 SW 7th St Miami, FL

A11684376

418 of 467 for Sale
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an agent
  • Listed On:

    Nov 1, 2024
  • Days on Market:

    20
  • Year:

  • Taxes:

    $34,120 per year
  • Floor Description:

    Other
  • Occupancy:

  • Zoning:

  • Parking:

1648 SW 7th St Miami, FL 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!

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For Sale Details

  • Floor Description

    Other

  • Heating Description

    Central

  • Photo Count

    21

  • Property Type

    Residential Income

  • Terms Considered

    All Cash, Conventional

  • Year Built

    1924

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