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Multifamily Residential
$5,900,000
$6,500,000
9%
542 SW 7th St Miami, FL

A11391466

72 of 85 for Sale
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an agent
  • Listed On:

    May 22, 2023
  • Days on Market:

    343
  • Year:

  • Taxes:

    $7,502 per year
  • Floor Description:

  • Occupancy:

  • Zoning:

  • Parking:

542 SW 7th St Miami, FL 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.

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For Sale Details

  • Photo Count

    22

  • Property Type

    Commercial Sale

  • SqFt Total

    5875

Any questions about Multifamily Residential?
Contact our Miami Real Estate Specialist today.

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