550 10th St ,Free Standing, Income Non-waterfront for Sale & Rent

550 10th St for Sale & Rent

Price $2,300,000.00

• Lot size 7500
• Year Build 1954
• Waterfront
• Zip 33130
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Welcome to Havana House. This 8-unit building comprises large one-bedroom, one-bath units, all with assigned parking. Three of the units have been remodeled, and the remaining five are in good condition. The roof was replaced in 2024, and all windows are impact-resistant. Plumbing was upgraded in 2023, along with the laundry facility. The building was recently painted and is ready for sale. All tenants are on month-to-month leases. Its proximity to Brickell and Little Havana makes this an ideal location for short-term rentals. The property has completed its 40-year recertification. With market rent at $2,000 per unit, the yearly income can be $192,000, with a CAP rate of over 7%. Please call the listing agent and do not disturb the tenants.

CITY OF MIAMI SOUTH PB B-41 LOT 6 BLK 79 LOT SIZE 50.000 X 150 OR 12678-417 1085 5

City Location, In Residential Area

Welcome to Havana House. This 8-unit building comprises large one-bedroom, one-bath units, all with assigned parking. Three of the units have been remodeled, and the remaining five are in good condition. The roof was replaced in 2024, and all windows are impact-resistant. Plumbing was upgraded in 2023, along with the laundry facility. The building was recently painted and is ready for sale. All tenants are on month-to-month leases. Its proximity to Brickell and Little Havana makes this an ideal location for short-term rentals. The property has completed its 40-year recertification. With market rent at $2,000 per unit, the yearly income can be $192,000, with a CAP rate of over 7%. Please call the listing agent and do not disturb the tenants.

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Flooring:1:Wood,Latitude:25.763938,Cooling Y N:1,Heating Y N:1,Lease Term:Month To Month,List Price:2300000,Listing Id:A11605993,Longitude:-80.2032708,Mls Status:Active,Ownership:Corporation,Year Built:1954,Inclusions:Building & Land,Leases,License,Postal Code:33130,Street Name:10th St,Coordinates:1:25.763938,Gross Income:145000,Lot Features:1:In Residential Area,Photos Count:33,Building Name:HAVANA HOUSE,Business Type:1:Residential-Multi-Family,Days On Market:1,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2024-06-13,Other Expense:11160,Parcel Number:01-02-07-090-1050,Parking Total:8,Property Type:Commercial Sale,Stories Total:2,Street Number:550,Trash Expense:3720,Public Remarks:Welcome to Havana House. This 8-unit building comprises large one-bedroom, one-bath units, all with assigned parking. Three of the units have been remodeled, and the remaining five are in good condition. The roof was replaced in 2024, and all windows are impact-resistant. Plumbing was upgraded in 2023, along with the laundry facility. The building was recently painted and is ready for sale. All tenants are on month-to-month leases. Its proximity to Brickell and Little Havana makes this an ideal location for short-term rentals. The property has completed its 40-year recertification. With market rent at $2,000 per unit, the yearly income can be $192,000, with a CAP rate of over 7%. Please call the listing agent and do not disturb the tenants.,County Or Parish:Miami-Dade County,List Office Name:Douglas Elliman,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,New Taxes Expense:14736,Postal Code Plus4:3819,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SW,Tax Annual Amount:15349,Unparsed Address:550 SW 10th St, Miami FL 33130,Insurance Expense:5700,Listing Agreement:Exclusive Right To Sell,Operating Expense:28718,Security Features:1:Motion Detector,2:Security Lights,Year Built Details:Resale,Building Area Total:4928,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:7500,Number Of Buildings:1,Original List Price:2300000,Public Survey Range:2,Documents Available:1:Copy Of Lease(S),2:Owner Managed,I D X Participation Y N:1,Net Operating Income:117000,Syndication Remarks:Welcome to Havana House. This 8-unit building comprises large one-bedroom, one-bath units, all with assigned parking. Three of the units have been remodeled, and the remaining five are in good condition. The roof was replaced in 2024, and all windows are impact-resistant. Plumbing was upgraded in 2023, along with the laundry facility. The building was recently painted and is ready for sale. All tenants are on month-to-month leases. Its proximity to Brickell and Little Havana makes this an ideal location for short-term rentals. The property has completed its 40-year recertification. With market rent at $2,000 per unit, the yearly income can be $192,000, with a CAP rate of over 7%. Please call the listing agent and do not disturb the tenants.,Listing Contract Date:2024-06-13,Originating System I D:miamire,Public Survey Section:7,Street Number Numeric:550,Tax Legal Description:CITY OF MIAMI SOUTH PB B-41 LOT 6 BLK 79 LOT SIZE 50.000 X 150 OR 12678-417 1085 5,Electric On Property Y N:1,Gross Scheduled Income:192000,Public Survey Township:2,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0,M I A M I R E_ Internet Remarks:welcomed to Havana House. Remodeled 8 unit apt building all 1 bedroom 1 bath, parking , laundry facility . New Roof, & windows. great income,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-06-13,Internet Address Display Y N:1,Number Of Units In Community:7,M I A M I R E_ Ok To Advertise List:Yes - Attribution NOT Required,Dual Variable Compensation Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,