1648 Southwest 7th Street
$2,925,000
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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!
- Listed by John Verea • FI Real Estate Brokerage LLC
Property Details for 1648 Southwest 7th Street
Waterfront
No
Area41
AuctionNo
Num Stories2
Year Built DescriptionResale
LISTING UPDATED: 08/29/2024 01:51 PM
Property Details for 1648 Southwest 7th Street
Status | Active |
---|---|
MLS # | A11630870 |
Days on Market | 119 |
Taxes | $35,542 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial/Industrial / Income/Multi Family |
Year Built | 1924 |
Lot Size | 0.11 AC / 5,000 SF |
County | Miami-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
Property History for 1648 Southwest 7th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
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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