$2,225,000
$2,495,000
10.8%For more information regarding the value of a property, please contact us for a free consultation.
1648 SW 7th St Miami, FL 33135
6,014 SqFt
Key Details
Sold Price $2,225,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,014 sqft
Price per Sqft $369
Subdivision Manleys
MLS Listing ID A11684376
Sold Date 01/14/25
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1924
Annual Tax Amount $34,120
Tax Year 2023
Contingent No Contingencies
Property Sub-Type Quadruplex
Property 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!
Location
State FL
County Miami-dade
Community Manleys
Area 41
Interior
Heating Central
Cooling Central Air
Flooring Other
Exterior
Pool None
Utilities Available Cable Available
Roof Type Flat
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 01-41-02-012-0050
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with London Foster Realty