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Income/MultiFamily - for Sale

1648 SW 7TH ST, MIAMI, FL 33135

Asking Price$2,925,000

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  • Days on market:

    1 day(s)
  • Original Price:

    $2,925,000
  • Tax Legal Description:

    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
  • Property Type:

    Income/MultiFamily
  • Floor Description:

    Other
  • Special Listing Conditions:

    Sale

Description

$2,925,000

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!

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