1050 Southwest 7th Street

Miami, FL 33130

$1,999,999
Price
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Beds
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per Sq. Ft.

Description

In the heart of Little Havana and behind Calle Ocho lies this exceptional 6 unit multifamily income producing cash-cow that also has T5-L zoning allowing for AirBnB licensure and short-term rental. It’s stabilized with great rents. All units are 2 bedroom 1 bath units, w/individual water meters. New mini splits A/C, individual water meters and electric reducing operating expenses. Multifamily has proven to be a COVID and inflation proof investment, and the area continues to see great rent collections....In the heart of Little Havana and behind Calle Ocho lies this exceptional 6 unit multifamily income producing cash-cow that also has T5-L zoning allowing for AirBnB licensure and short-term rental. It’s stabilized with great rents. All units are 2 bedroom 1 bath units, w/individual water meters. New mini splits A/C, individual water meters and electric reducing operating expenses. Multifamily has proven to be a COVID and inflation proof investment, and the area continues to see great rent collections. Centrally located hub of economic activity that is booming and growing from the inflow of residents from other States as they continue to be driven to Miami. With rising population, high demand, it becomes ever more critical to capitalize now on such a unique location. Contact us now!
  1. Listed by Mauricio Villasuso • Fausto Commercial Realty Consultants Inc
  2. Listed by Carlos Miranda • Fausto Commercial Realty Consultants Inc

Property Details for 1050 Southwest 7th Street

Area
41
Auction
No
LISTING UPDATED: 02/24/2024 06:52 AM

Property Details for 1050 Southwest 7th Street

StatusActive
MLS #A11336325
Days on Market692
Taxes$16,647 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1968
Lot Size0.16 AC / 6,850 SF
CountyMiami-Dade County

Building Information for 1050 Southwest 7th Street

Stories-Residences-Year Built1968Building Size-Lot Size0.16 AC / 6,850 SF

Property Information for 1050 Southwest 7th Street

Location Information
Location Information
  • Parcel Number Free Text: 01-41-02-005-4990
  • Parcel Number MLX: 4990
  • MLS Area: 41
  • Municipal Code: 1
  • Township Range: 41
  • Section: 2
  • Subdivision Number: 5
  • Unit Count: 0
  • Zoning Information: T5-L
General Information
General Information
  • Prop Type-Type of Building: Apartments
  • Building Sq Ft: 4,400
Additional Property Information
Additional Property Information
  • Guest Accommodations: No
Financial Information
Financial Information
  • Flood Zone: X

Property History for 1050 Southwest 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1050 Southwest 7th Street

Taxable ValueLand$616,500Additions$301,342Total$917,842
Tax Record2023$16,599 ($1,383 / month)
Home Facts
Total Finished SqFt5,418 SqFtAbove Grade Finished SqFt5,418 SqFtStories1Lot Size6,850 SqFtStyleMulti-Family Dwelling (2-4)Year Built1968Zoning6107:RESID-MECountyMIAMI-DADEAPN01-4102-005-4990

Schools near 1050 Southwest 7th Street

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Riverside Elementary Community School
Public - PK to 5
Air Base K-8 Center for International Education
Public - PK to 8
Jose De Diego Middle School
Public - 6 to 8
Robert Morgan Voc-Tech Institute
Public - 9 to 12
Rating
School
Distance
Riverside Elementary Community School
PublicPK to 5

Air Base K-8 Center for International Education
PublicPK to 8

Jose De Diego Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1050 Southwest 7th Street, Miami, FL 33130

1050 Southwest 7th Street is a multi-family home for sale in Miami, FL 33130. This property was listed for sale on February 1, 2023 by Fausto Commercial Realty Consultants Inc, it's currently listed at $1,999,999. It has been on the market for a total of 692 days and was last sold on February 10, 2021. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Riverside Elementary Community School, Air Base K-8 Center for International Education and Jose De Diego Middle School. 1050 Southwest 7th Street is a 0-bed, 0-bath, multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fausto Commercial Realty Consultants Inc

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.