542 7Th St Miami, FL 33130

Property Details for 542 7Th St

Property type

Commercial real estate

Description

This exceptional Class A, eight-unit multifamily property located at 542 SW 7th Street, Miami, Florida 33130, presents a compelling investment opportunity. Priced at $5,500,000, this translates to $687,500 per unit, offering a strong 7.00% capitalization rate. The property is a newly constructed 33-bedroom co-living building situated in the vibrant Little Havana neighborhood, catering to a desirable demographic of middle-income renters (aged 25-35, earning $45,000-$150,000 annually). Each private room features a unique digital lock, is fully furnished, and includes all utilities. The building boasts a mix of private and shared bathrooms, along with communal spaces such as spacious living rooms and fully equipped kitchens. A significant advantage is the option for the seller to enter into a five-year master lease with Common/Habyt, a leading global co-living operator. This lease provides a corporate guarantee of a net operating income (NOI) of $282,673 and covers all maintenance expenses, minimizing operational burdens for the investor. This turnkey investment offers a blend of immediate income generation and long-term growth potential in a thriving Miami location. The property's design and amenities are specifically tailored to attract and retain a stable tenant base, ensuring consistent cash flow and a robust return on investment.