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542 SW 7th St

Miami, FL 33130
  • $6,500,000
  • STATUS: Active
  • ON SITE: 189 Days
  • MLS #: A11391466
UPDATED: 77 min ago
$6,500,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:

School Ratings & Info

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.

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Copyright 2023, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2023, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2023-11-28T17:51:53.997.
www.roseharrisgroup.com/homes/139787201
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542 SW 7th St Miami, FL 33130

  • Price: $6,500,000
  • Status: Active
  • On Site: 189 Days
  • Updated: 77 min ago
  • MLS #: A11391466
0
Beds
0
Baths
0
½ Baths
0.13
Acres
County:
Miami-Dade
Property 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.
Exterior Features

Pool Private YN No View YN No Waterfront YN No

Interior Features

Building Area Total 12437

Property Features

Association YN No Business Type ApartmentsCommercial/Residential Income Horse YN No New Construction YN No Property Sub Type Income/MultiFamily Special Listing Conditions Sale Tax Annual Amount 7502 Zoning 6107

Listing courtesy of Fausto Commercial Realty Consultants Inc: .


Copyright 2023, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2023, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2023-11-28T17:51:53.997.
 
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The Rose Harris Group | ONE Sotheby's International Realty
119 Washington Ave
Miami Beach FL, 33139