542 7th St , for Sale

542 7th St for Sale

Price $6,500,000.00

• Lot size 12437
• Year Build
• Waterfront
• Zip 33130
• Style
• Parking Description
• Pool Yes
• Status Active

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.

All leases are long-term, and the bedrooms function as studios, yielding higher rents per square foot for investors while spreading risk across a broader spectrum of tenants.

CITY OF MIAMI SOUTH PB B-41 N85FT LOT 6 BLK 48 & S65FT OF LOT 6 BLK 48 LESS S43.87FT OF W27.50FT & S21.10FT OF E22.50FT OF LOT 6 BLK 48 LOT

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.

City:Miami,Zoning:6107,List A O R:A-Miami Association of REALTORS,Latitude:25.7668458,List Price:6500000,Listing Id:A11391466,Longitude:-80.2033671,Mls Status:Active,Postal Code:33130,Street Name:7th St,Coordinates:1:25.7668458,Photos Count:22,Business Type:1:Commercial/Residential Income,Days On Market:114,Lot Size Units:Square Feet,On Market Date:2023-05-09,Parcel Number:01-02-04-080-1060,Property Type:Commercial Sale,Street Number:542,Public Remarks: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.,County Or Parish:Miami-Dade County,List Office Name:Fausto Commercial Realty Consultants Inc,Private Remarks:All leases are long-term, and the bedrooms function as studios, yielding higher rents per square foot for investors while spreading risk across a broader spectrum of tenants.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3412,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SW,Tax Annual Amount:7502,Unparsed Address:542 SW 7th St, Miami FL 33130,Listing Agreement:Exclusive Right To Sell,Building Area Total:12437,Building Area Units:Square Feet,Lot Size Square Feet:5875,Original List Price:6500000,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2023-05-09,Originating System I D:miamire,Street Number Numeric:542,Tax Legal Description:CITY OF MIAMI SOUTH PB B-41 N85FT LOT 6 BLK 48 & S65FT OF LOT 6 BLK 48 LESS S43.87FT OF W27.50FT & S21.10FT OF E22.50FT OF LOT 6 BLK 48 LOT,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.0%,Contract Status Change Date:2023-05-09,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2.0%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,