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1648 SW 7th St, Miami FL 33135,Miami,Miami-Dade County,Commercial Sale

$2,925,000

Commercial Sale Active

1648 SW 7th St, Miami FL 33135

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Commercial Sale Active

1648 SW 7th St, Miami FL 33135,Miami,Miami-Dade County,Commercial Sale

1648 SW 7th St, Miami FL 33135

$2,925,000

Overview

Income/MultiFamily
Property Type

1924
Year Built

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 $20,000 per month in rental income, 6 units are
leased long-term, and 2 are fully furnished for Airbnb. 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!

Address

Open on Google Maps

Address 7th St
City Miami
State/county Miami-Dade County
Zip/Postal Code 33135

Details

Updated on July 27, 2024 at 11:19 pm

Property ID: A11630870
Price: $2,925,000
Year Built: 1924
Property Type: Income/MultiFamily
Property Status: Commercial Sale

Additional details

StreetDirPrefix: SW
PublicSurveyRange: 41
ShowingInstructions: Call Listing Agent
ListAgentKey: 23d41f0d5f2d7a4752801e4ca0986f7f
TaxLegalDescription: 2 54 41 MANLEYS RESUB PB 9-47 E1/2 LOTS 5-6-7-8 LOT SIZE 50.000 X 100 OR 25059-0630/25294-0624 1006 2
OnMarketDate: 2024-07-26
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2024-07-26
MajorChangeTimestamp: 2024-07-27T05:51:39.460Z
Flooring: Other
PhotosCount: 23
SubAgencyCompensation: 0
StatusChangeTimestamp: 2024-07-27T05:51:39.460Z
PriceChangeTimestamp: 2024-07-26T21:35:47.350Z
ListingKeyNumeric: 398884971
MajorChangeType: New
ListingContractDate: 2024-07-26
Zoning: 6101
ListAOR: A-Miami Association of REALTORS
TaxAnnualAmount: 35542
ListOfficeName: FI Real Estate Brokerage LLC
OriginatingSystemKey: miamire
BusinessType: Apartments,Residential-Multi-Family
PhotosChangeTimestamp: 2024-07-27T05:55:11.957Z
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 6466628504
MlsStatus: Active
StreetNumber: 1648
ListingKey: f1459ed4886781dda7a936f269bad6d0
StateOrProvince: FL
ShowingContactType: Agent
ListOfficeKey: 96a6a0d21e07d1f645e7013e886f8672
BridgeModificationTimestamp: 2024-07-27T20:55:02.731Z
ListAgentFullName: John Verea
ParkingTotal: 0
ListAgentOfficePhone: 6466628504
Stories: 2
ParcelNumber: 01-41-02-012-0050
YearBuiltDetails: Resale
OtherExpense: 0
Possession: Funding
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 3255545
StoriesTotal: 2
ModificationTimestamp: 2024-07-27T20:54:02.740Z
OriginatingSystemID: miamire
DaysOnMarket: 1
TransactionBrokerCompensation: 2%
BuyerAgencyCompensationType: %
ListOfficeMlsId: FIEB01
ListAgentDirectPhone: 310-733-8183
StreetNumberNumeric: 1648
PostalCodePlus4: 3753
NumberOfUnitsInCommunity: 8
SyndicationRemarks: 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 $20,000 per month in rental income, 6 units are leased long-term, and 2 are fully furnished for Airbnb. 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!
ListAgentStateLicense: 3255545
PublicSurveyTownship: 41
StreetName: 7th St
ListingAgreement: Exclusive Right To Sell
PublicSurveySection: 2
SpecialListingConditions: Sale
OriginalListPrice: 2925000
BuildingAreaUnits: Square Feet
InternetEntireListingDisplayYN: 1
BuyerAgencyCompensation: 2%
OriginalEntryTimestamp: 2024-07-27T05:51:39.460Z
SourceSystemKey: 398884971
DocumentsAvailable: Financial Statement,Copy Of Lease(S),Rent Rolls
LotSizeSquareFeet: 5000
BuildingAreaTotal: 6014
TransactionBrokerCompensationType: %