542 SW 7th St, Miami, FL 33130

  • $6,500,000
542 SW 7th St, Miami, FL 33130

Overview

Property ID: HZ5446228
  • CommercialSale
  • Property Type
  • 12437.0
  • Sqft

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, & 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.

  • Address 542 SW 7th St
  • City Miami
  • State/county FL
  • Zip/Postal Code 33130
  • Country United States

Details

Updated on July 8, 2023 at 11:39 am
  • Property ID: HZ5446228
  • Price: $6,500,000
  • Property Size: 12437.0 Sqft
  • Land Area: 5875.0 Sqft
  • Property Type: CommercialSale
  • Property Status: For Sale
  • MLS#: A11391466
  • Office Name: FAUSTO COMMERCIAL REALTY CONSULTANTS INC
  • Agent Name: Mauricio Villasuso
  • MLS Status: Active

Additional details

  • Tax Annual: 7502
  • County: Miami-Dade County
  • Property SubType: MultiFamily

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Shafique Ahmad
  • Shafique Ahmad