New 33-Bedroom Co-Living Apartment
For Sale
$5,500,000
542 Southwest 7th Street, Miami, FL 33130
Furnished private rooms are supported by communal living areas and equipped kitchens.
Property Size12,437 SF
Price / SF$442.23
Days on Market1261
Property Features for 542 Southwest 7th Street
General Information
Standard status
Active
Size
12,437 SF
Property subtype
Commercial/Industrial / Income/Multi Family
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$7,502
Amenities
spacious living rooms
fully equipped kitchens
Building Details
Buildings
1
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Mauricio Villasuso · License #3254982
(305) 431-2258
Source:
Compass
Added: May 9, 2023
Changed: Oct 19
Last Checked: Oct 19 at 9:08AM
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
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Investment Insights
Based on property information with market context.
This newly built 12,437-square-foot apartment property provides 33 private bedrooms in a co-living format. Rooms are furnished and secured with individual digital locks, while bathroom configurations include both shared and en-suite options. Utilities are included, with professional cleaning and periodic servicing also provided.
Residents have access to communal living rooms and fully equipped kitchens. The property is located at 542 Southwest 7th Street in Miami, Florida 33130. A five-year master lease option with Common/Habyt is available, with the operator assuming maintenance responsibilities.
Residents have access to communal living rooms and fully equipped kitchens. The property is located at 542 Southwest 7th Street in Miami, Florida 33130. A five-year master lease option with Common/Habyt is available, with the operator assuming maintenance responsibilities.
Key Highlights
- 33‑bedroom co‑living apartment property
- 12,437 square feet of building area
- Furnished private rooms with individual digital locks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,754
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,595,080
$4.6M
Cap Rate 7%
$3,282,200
$3.3M
Cap Rate 9%
$2,552,822
$2.6M
Market Conditions
NOI Build-Up for 12,437 SF
Gross rent
$447.7K $36.00/SF
− Vacancy
−$30.0K −$2.41/SF
EGI
$417.7K $33.59/SF
− OpEx
−$188.0K −$15.11/SF
NOI
$229.8K $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%
$4,595,080
Cap Rate 7%
$3,282,200
Cap Rate 9%
$2,552,822
Alternative Uses
Best Use
Apartment 5plus
$3.28M
$2.87M – $3.83M
NOI $229,754 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.40M
$7.35M – $9.79M
NOI $587,654 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
5,577
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 - Furnished private rooms are supported by communal living areas and equipped kitchens.
Where is this apartment building located?
The property is located at 542 Southwest 7th Street Miami, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 33‑bedroom co‑living apartment property; 12,437 square feet of building area; Furnished private rooms with individual digital locks
