6-Unit Multifamily
For Sale
$1,999,999
1050 Southwest 7th Street, Miami, FL 33130
T5-L zoning allows AirBnB licensure and short-term rental use in Little Havana.
Property Size4,400 SF
Price / SF$454.55
Days on Market2323
Property Features for 1050 Southwest 7th Street
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Commercial/Industrial / Income/Multi Family
Zoning
T5-L
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$16,647
Building Details
Year Built
1968
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Mauricio Villasuso · License #3254982
(305) 431-2258
Source:
Compass
Added: Jun 11, 2020
Changed: Oct 16
Last Checked: Oct 19 at 8:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fausto Commercial Realty Consultants Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,400-square-foot multifamily property contains six residential units, each configured with two bedrooms and one bathroom. Built in 1968, the building features new mini-split air-conditioning systems, individual water meters, and separate electric service for the units.
The property is located in Little Havana, behind Calle Ocho, with access to the surrounding area’s commercial and residential activity. T5-L zoning allows AirBnB licensure and short-term rental use, providing a permitted operating option for the property.
The property is located in Little Havana, behind Calle Ocho, with access to the surrounding area’s commercial and residential activity. T5-L zoning allows AirBnB licensure and short-term rental use, providing a permitted operating option for the property.
Key Highlights
- Six units, each with 2 bedrooms and 1 bathroom
- 4,400 SF multifamily building constructed in 1968
- T5‑L zoning allows AirBnB licensure and short‑term rental use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,283
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,625,660
$1.6M
Cap Rate 7%
$1,161,186
$1.2M
Cap Rate 9%
$903,144
$903.1K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$158.4K $36.00/SF
− Vacancy
−$10.6K −$2.41/SF
EGI
$147.8K $33.59/SF
− OpEx
−$66.5K −$15.11/SF
NOI
$81.3K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,625,660
Cap Rate 7%
$1,161,186
Cap Rate 9%
$903,144
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.02M – $1.35M
NOI $81,283 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.97M
$2.60M – $3.47M
NOI $207,902 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
5,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - T5-L zoning allows AirBnB licensure and short-term rental use in Little Havana.
Where is this apartment building located?
The property is located at 1050 Southwest 7th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Six units, each with 2 bedrooms and 1 bathroom; 4,400 SF multifamily building constructed in 1968; T5‑L zoning allows AirBnB licensure and short‑term rental use
