1648 7th St ,Attached, Quadruplex, Manleys for Sale

1648 7th St for Sale

Price $2,495,000.00

• Lot size 6014
• Year Build 1924
• Waterfront
• Zip 33135
• Style Attached
• Parking Description
• Pool Yes
• Status Active With Contract

Description

Investor?s dream in the heart of Historic Little Havana. This 8-unit multifamily property features spacious 2- bedroom, 1-bathroom apartments. Currently generating over $18,000 per month in rental income, all 8 units are leased with vetted and qualified tenants and yearly long-term leases. Immense potential to convert all units into short- term rentals, which will significantly boost rental income. Renovated in 2021, each unit boasts new bathrooms, kitchens with granite countertops, in-unit washer/dryer, AC splits, upgraded plumbing, and electrical panels. The 40-Year Re-Certification is nearing completion, offering peace of mind to the new owner. Just steps from Calle Ocho?s renowned eateries, shopping, nightclubs, and rich cultural heritage, this property is a gem!

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11624304

2 54 41 MANLEYS RESUB PB 9-47 E1/2 LOTS 5-6-7-8 LOT SIZE 50.000 X 100 OR 25059-0630/25294-0624 1006 2

Less Than 1/4 Acre Lot

Investor?s dream in the heart of Historic Little Havana. This 8-unit multifamily property features spacious 2- bedroom, 1-bathroom apartments. Currently generating over $18,000 per month in rental income, all 8 units are leased with vetted and qualified tenants and yearly long-term leases. Immense potential to convert all units into short- term rentals, which will significantly boost rental income. Renovated in 2021, each unit boasts new bathrooms, kitchens with granite countertops, in-unit washer/dryer, AC splits, upgraded plumbing, and electrical panels. The 40-Year Re-Certification is nearing completion, offering peace of mind to the new owner. Just steps from Calle Ocho?s renowned eateries, shopping, nightclubs, and rich cultural heritage, this property is a gem!

City:Miami,Zoning:6101,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:25.7662853,Cooling Y N:1,Heating Y N:1,List Price:2495000,Listing Id:A11684376,Longitude:-80.2222627,Mls Status:Active With Contract,Year Built:1924,Living Area:6014,Postal Code:33135,Street Name:7th St,Coordinates:1:25.7662853,Photos Count:21,Building Name:MANLEYS,Days On Market:39,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:41,M L S Area Major:Manleys,On Market Date:2024-10-28,Parcel Number:01-41-02-012-0050,Property Type:Residential Income,Rent Includes:1:Pest Control,2:Sewer,3:Trash Collection,Stories Total:2,Street Number:1648,M I A M I R E_ Style:Fourplex,Public Remarks:Investor?s dream in the heart of Historic Little Havana. This 8-unit multifamily property features spacious 2- bedroom, 1-bathroom apartments. Currently generating over $18,000 per month in rental income, all 8 units are leased with vetted and qualified tenants and yearly long-term leases. Immense potential to convert all units into short- term rentals, which will significantly boost rental income. Renovated in 2021, each unit boasts new bathrooms, kitchens with granite countertops, in-unit washer/dryer, AC splits, upgraded plumbing, and electrical panels. The 40-Year Re-Certification is nearing completion, offering peace of mind to the new owner. Just steps from Calle Ocho?s renowned eateries, shopping, nightclubs, and rich cultural heritage, this property is a gem!,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:FI Real Estate Brokerage LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:3753,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:MANLEYS,Tax Annual Amount:34120,Unparsed Address:1648 SW 7th St, Miami FL 33135,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:6014,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:414.8653,Original List Price:2725000,Previous List Price:2725000,Public Survey Range:41,Documents Available:1:Deposit - Last Months Rent,2:Deposit - Security,3:Financial Statement,4:Copy Of Lease(S),5:Rent Rolls,I D X Participation Y N:1,Number Of Units Total:8,Syndication Remarks:Investor?s dream in the heart of Historic Little Havana. This 8-unit multifamily property features spacious 2- bedroom, 1-bathroom apartments. Currently generating over $18,000 per month in rental income, all 8 units are leased with vetted and qualified tenants and yearly long-term leases. Immense potential to convert all units into short- term rentals, which will significantly boost rental income. Renovated in 2021, each unit boasts new bathrooms, kitchens with granite countertops, in-unit washer/dryer, AC splits, upgraded plumbing, and electrical panels. The 40-Year Re-Certification is nearing completion, offering peace of mind to the new owner. Just steps from Calle Ocho?s renowned eateries, shopping, nightclubs, and rich cultural heritage, this property is a gem!,Listing Contract Date:2024-10-28,Originating System I D:miamire,Public Survey Section:2,Showing Instructions:Call Listing Agent,Street Number Numeric:1648,Tax Legal Description:2 54 41 MANLEYS RESUB PB 9-47 E1/2 LOTS 5-6-7-8 LOT SIZE 50.000 X 100 OR 25059-0630/25294-0624 1006 2,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:3045,M I A M I R E_ Internet Remarks:Investor?s dream in the heart of Historic Little Havana,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-10-28,Internet Address Display Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:414.87,