1050 7Th St Miami, FL 33130
- Commercial real estate
Current Use by Public Records
- Premium Blue Pool Inc / Swimming Pool Contractor
- Media Squad Marketing / Marketing Agency
Property Details for 1050 7Th St
- Year built
- 1968
- Property type
- Commercial real estate
Description
This exceptional six-unit multifamily property, located at 1050 SW 7th St in Miami, Florida (zip code 33130), presents a compelling investment opportunity. Built in 1968, this Class B building boasts six two-bedroom, one-bathroom units, each equipped with individual water and electric meters, and newly installed mini-split air conditioning systems. These features contribute to reduced operating expenses and enhanced efficiency. The property is situated in the heart of Little Havana, just off Calle Ocho, a vibrant and centrally located area experiencing significant economic growth and population influx. The property's T5-L zoning allows for Airbnb licensure and short-term rentals, expanding income potential. Currently stabilized with strong rental income and a 6.00% cap rate, this multifamily investment offers a compelling opportunity to capitalize on Miami's booming real estate market. The asking price is $1,999,999. The property's location and features make it a resilient investment, demonstrating its ability to withstand economic fluctuations. This is a rare chance to acquire a proven cash-flowing asset in a high-demand area. The property's strong performance history and future potential make it an attractive investment for both seasoned and new investors.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2123
- Latitude
- 25.7666