1648 7Th St Miami, FL 33135

Property Details for 1648 7Th St

Year built

1924

Property size

6,014 SF

Property type

Small apartment buildings

Description

This exceptional 8-unit multifamily property, located at 1648 SW 7th St, Miami, FL 33135, presents a compelling investment opportunity in the vibrant heart of Historic Little Havana. Built in 1924 and boasting a total of 6,014 square feet across two stories, this property currently generates over $18,000 per month in rental income. All eight units are occupied by vetted, qualified tenants under long-term yearly leases. Each spacious two-bedroom, one-bathroom apartment underwent a complete renovation in 2021, featuring updated kitchens with granite countertops, new bathrooms, in-unit washer/dryers, AC splits, upgraded plumbing, and electrical panels. The property's strong performance is further enhanced by the nearing completion of its 40-Year Re-Certification, providing significant peace of mind for the new owner. Situated just steps from Calle Ocho, this prime location offers unparalleled access to renowned restaurants, shopping, vibrant nightlife, and the rich cultural tapestry of Little Havana. The property's current configuration as long-term rentals presents a solid foundation, with significant upside potential through conversion to short-term rentals, which could substantially increase rental income. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in one of Miami's most desirable and culturally rich neighborhoods.