1648 Southwest 7th Street

Miami, FL 33135

$2,925,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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,...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!
  1. Listed by John Verea • FI Real Estate Brokerage LLC

Property Details for 1648 Southwest 7th Street

Waterfront
No
Area
41
Auction
No
Num Stories
2
Year Built Description
Resale
LISTING UPDATED: 08/29/2024 01:51 PM

Property Details for 1648 Southwest 7th Street

StatusActive
MLS #A11630870
Days on Market119
Taxes$35,542 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1924
Lot Size0.11 AC / 5,000 SF
CountyMiami-Dade County

Building Information for 1648 Southwest 7th Street

Stories-Residences-Year Built1924Building Size-Lot Size0.11 AC / 5,000 SF

Property Information for 1648 Southwest 7th Street

Location Information
Location Information
  • Parcel Number Free Text: 01-41-02-012-0050
  • Parcel Number MLX: 0050
  • MLS Area: 41
  • Municipal Code: 1
  • Township Range: 41
  • Section: 2
  • Subdivision Number: 12
  • Unit Count: 1
  • Zoning Information: 6101
General Information
Parking
  • Num Parking Spaces: 0
General Information
  • Prop Type-Type of Building: Apartments, Residential-Multi-Family
  • Building Sq Ft: 6,014
  • Occupancy Percentage: 100.00%
  • Approximate Lot Size: 5000
  • Property Sq Ft: 5000
  • Construction: Concrete Block Construction
  • Construction Type: Concrete Block Construction
  • Flooring: Other Floors
  • Floor Description: Other Floors
Additional Property Information
Additional Property Information
  • Guest Accommodations: No
  • Num Units: 8
Financial Information
Financial Information
  • Flood Zone: X
  • Information Available: Financial Statement, Copy Of Lease(S), Rent Rolls

Property History for 1648 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 1648 Southwest 7th Street

Taxable ValueLand$450,000Additions$1,279,002Total$1,729,002
Tax Record2023$35,542 ($2,962 / month)
Home Facts
Total Finished SqFt3,490 SqFtAbove Grade Finished SqFt3,490 SqFtStories2Lot Size5,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1924Year Renovated1944Zoning6101CountyMIAMI-DADEAPN01-4102-012-0050

Schools near 1648 Southwest 7th Street

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Riverside Elementary Community School
PublicPK to 5

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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1648 Southwest 7th Street is a multi-family home for sale in Miami, FL 33135. This property was listed for sale on July 26, 2024 by FI Real Estate Brokerage LLC, it's currently listed at $2,925,000. It has been on the market for a total of 119 days and was last sold on March 30, 2022. 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. 1648 Southwest 7th Street is a 0-bed, 0-bath, multi-family home built in 1924.

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 FI Real Estate Brokerage LLC

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.