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This multifamily property boasts 16 units within a spacious 9,747 Sq. Ft. building, all set on an 8,500 Sq. Ft. lot. Embrace the potential for comfortable living and lucrative investment in this vibrant neighborhood.
ADDRESS
1553 SW 7 ST. Miami, FL 33135
TYPE
Multifamily
TOTAL UNITS
16 Units
UNIT DESCRIPTION
Four (2 Bed / 1 Bath) and Twelve (1 Bed / 1 Bath)
BUILDING SIZE
9,747 Sq. Ft.
LOT SIZE
8,500 Sq. Ft.
Listed for sale in Little Havana, this completely reinforced and remodeled property boasts a modern interior and a retro exterior. It comprises four 2-bedroom/1-bathroom units and twelve 1-bedroom/1-bathroom units, totaling 20 bedrooms and 16 bathrooms. Situated on an 8,500 sq. ft. lot with T-5 Open zoning, it allows for 12.6 residential units or 25.3 lodging/hotel units. The exceptional location is just one block from the entertainment area on Calle 8 and a mere 8 minutes from I-95, Brickell, Downtown, Coral Gables, and Miami International Airport. Zoning permits short-term rentals, and the property is fully rented for two years, generating a gross annual income of $364,800.
