We use technical and analytics cookies to ensure that we give you the best experience to our website
+1 646-431-8072
Back

Income/MultiFamily - for Sale

542 SW 7TH ST, MIAMI, FL 33130

Asking Price$6,500,000

Share by:
  • Lot size 5875sqft
  • Taxes $7,502
  • Days on market:

    114 day(s)
  • Original Price:

    $6,500,000
  • Tax Legal Description:

    CITY OF MIAMI SOUTH PB B-41 N85FT LOT 6 BLK 48 & S65FT OF LOT 6 BLK 48 LESS S43.87FT OF W27.50FT & S21.10FT OF E22.50FT OF LOT 6 BLK 48 LOT
  • Property Type:

    Income/MultiFamily
  • Special Listing Conditions:

    Sale

Description

$6,500,000

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, & periodically serviced. some rooms have shared bathrooms, while others have en- suite bathrooms, & the building has communal spaces such as spacious living rooms and fully equipped kitchens. the location in little havana is desirable, and the property is a hedge against inflation, providing a consistent and resilient income stream for investors. the potential gross income is around $600k per year, and the property has minimal operational and maintenance expenses.

Similar Properties in this Area

* MLS is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the MLS and is provided here for consumers` personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MLS All rights reserved. Courtesy of One Sotheby's International Realty