542 Southwest 7th Street

Miami, FL 33130

$5,500,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a kitchen with stainless steel appliances a sink stove and cabinets
a picture of city view
a view of a city
an aerial view of residential houses with outdoor space
a sign on the side of a building
front view of a house with a tree and plants
a view of a building with a swimming pool
a view of a building with a swimming pool
a view of a city with tall buildings
a view of a swimming pool with a patio
a view of a city with tall buildings
a bedroom with a bed and a window
a bedroom with a bed and a window
a living room with furniture and a potted plant
a bathroom with a toilet and a sink
a view of a dining room with furniture and wooden floor
a bedroom with a bed and window
a view of a hallway with furniture and a window

Description

This is a new 33-bedroom co-living building in Little Havana designed to provide affordable, convenient, and move-in ready housing for middle-income renters aged 25-35 with incomes between $45k-$150k. Each private room comes with a unique digital lock for security, fully furnished, all utilities-included, professionally cleaned, and periodically serviced. Some rooms have shared bathrooms, while others have en-suite bathrooms, and the building has communal spaces such as spacious living rooms and...This is a new 33-bedroom co-living building in Little Havana designed to provide affordable, convenient, and move-in ready housing for middle-income renters aged 25-35 with incomes between $45k-$150k. Each private room comes with a unique digital lock for security, fully furnished, all utilities-included, professionally cleaned, and periodically serviced. Some rooms have shared bathrooms, while others have en-suite bathrooms, and the building has communal spaces such as spacious living rooms and fully equipped kitchens. Sellers have the option to sign a 5 year master lease with Common/Habyt, a multi-million dollar company and the world’s largest operator of co-living properties which comes with a corporate guarantee of an NOI of $282,673 and them assuming all maintenance costs.
  1. Listed by Mauricio Villasuso • Fausto Commercial Realty Consultants Inc

Property Details for 542 Southwest 7th Street

Area
41
Auction
No
LISTING UPDATED: 07/18/2024 05:17 AM

Property Details for 542 Southwest 7th Street

StatusActive
MLS #A11391466
Days on Market594
Taxes$7,502 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built-
Lot Size0.13 AC / 5,875 SF
CountyMiami-Dade County

Building Information for 542 Southwest 7th Street

Stories-Residences-Year Built-Building Size-Lot Size0.13 AC / 5,875 SF

Property Information for 542 Southwest 7th Street

Location Information
Location Information
  • Parcel Number Free Text: 01-02-04-080-1060
  • Parcel Number MLX: 1060
  • MLS Area: 41
  • Subdivision Number: 80
  • Unit Count: 0
  • Zoning Information: 6107
General Information
General Information
  • Prop Type-Type of Building: Apartments, Commercial/Residential Income
  • Building Sq Ft: 12,437
  • Approximate Lot Size: 5875
  • Property Sq Ft: 5875
  • Directions: All leases are long-term, and the bedrooms function as studios, yielding higher rents per square foot for investors while spreading risk across a broader spectrum of tenants.
  • Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11391466
Additional Property Information
Additional Property Information
  • Guest Accommodations: No
Financial Information
Financial Information
  • Total Mortgage: $2,200,000
  • Flood Zone: X

Property History for 542 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 542 Southwest 7th Street

Taxable ValueLand$528,750Additions$1,161,832Total$1,690,582
Tax Record2023$32,941 ($2,745 / month)
Home Facts
Total Finished SqFt12,437 SqFtAbove Grade Finished SqFt12,437 SqFtStories3Lot Size5,875 SqFtStyleMulti-Family Dwelling (2-4)Year Built2022Zoning6107:RESID-MECountyMIAMI-DADEAPN01-0204-080-1060

Schools near 542 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 542 Southwest 7th Street, Miami, FL 33130

542 Southwest 7th Street is a multi-family home for sale in Miami, FL 33130. This property was listed for sale on May 9, 2023 by Fausto Commercial Realty Consultants Inc, it's currently listed at $5,500,000. It has been on the market for a total of 594 days and was last sold on January 3, 2017. 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. 542 Southwest 7th Street is a 0-bed, 0-bath, multi-family home.

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.