1553 7Th St Miami, FL 33135
- Hotels
- 9,747 SF
Current Use by Public Records
- Hotels
Property Details for 1553 7Th St
- Year built
- 2023
- Property size
- 9,747 SF
- Property type
- Hotels
Description
This exceptional 16-unit hotel, built and renovated in 2023, presents a compelling investment opportunity in Miami's vibrant Little Havana neighborhood. The property boasts 9,747 square feet on an 8,500 square foot lot, with T-5 Open zoning permitting short-term rentals. Currently operating at 100% occupancy since October 1, 2023, the hotel generates a substantial NOI of $276,300, representing a 5.45% cap rate. The asking price is $5,072,000, or $317,000 per unit. The building features a blend of modern interiors and a retro exterior, appealing to a wide range of guests. Its prime location, just a block from Calle 8's entertainment district and an eight-minute drive from I-95, Brickell, Downtown Miami, Coral Gables, and Miami International Airport, ensures high demand and strong rental income. The unit mix includes four two-bedroom/one-bathroom units and twelve one-bedroom/one-bathroom units, totaling 20 bedrooms and 16 bathrooms. This stabilized income property offers a rare opportunity to acquire a fully renovated, high-performing asset in a rapidly appreciating market. The property is a single, two-story building, representing a Class B asset. This is a freehold ownership opportunity, not subject to a ground lease.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.220606825085
- Latitude
- 25.766586308404
