1521 SW 7th Street

Listing Snapshot

Price

$5,200,000

Days on Site

11 Days

Bedrooms

0

Total Baths

0

Total Sq Ft

15,592 sqft

Lot Size

0.34 Acres

Year Built

1924

Property Type

Commercial

MLS #

A12044489

County

Miami Dade

Status

Active

About This Property

Fully Renovated Two-Building Multifamily Portfolio in the Heart of Little Havana. Located on SW 7th Street in Little Havana, this two-building portfolio consists of 24 residential units situated on a 15,000 SF lot, delivering stable in-place income with a renovated, turnkey asset profile and no immediate capital expenditure requirements. Both buildings underwent a comprehensive gut renovation in 2015, including new plumbing, updated electrical infrastructure, and reinforced floor structures. With a current gross income of $402,276 and a pro forma gross income of $590,400, the portfolio presents a compelling value-add story with clear upside through rental rate normalization — units are currently averaging below market rents, offering an investor the opportunity to capture a 6.68% pro forma cap rate.Little Havana continues to experience strong rental demand driven by its central location and direct connectivity to Miami's major employment hubs, including Downtown Miami, Brickell, the Health District, Coral Gables, and Miami International Airport. The neighborhood's affordability relative to surrounding submarkets, combined with ongoing private investment and revitalization, creates a resilient and growing tenant pool for multifamily investors seeking stable long-term returns. - 2 Folios: Includes 1529 SW 7 ST - Folio:01-4102-006-6019

General Features

Property Type

Commercial

Status

Active

Year Built

1924

Lot Size (Acres)

0.34

Total Sq Ft

15,592

Zoning

T5-O

Community & HOA

MLS Area

2410