1521 Sw 7Th St, Miami, FL

Name: 1521 Sw 7Th St, For Sale in Miami - Zoocasa
Brand: Fausto Commercial Realty Consultants Inc
SKU: A12044489
Price: 5200000 USD

House

For Sale

Listed price in listed location currency (USD).

$5,200,000

000

MLS® A12044489

Overview

Key Facts

Type

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 0

Lot Size 15000 SF

Approx. Age 1924

MLS® Number A12044489

Property Address: 1521 Sw 7th St, Miami, FL, 33135

Average square foot calculated using Size range provided by listing agent.

Description

Fully Renovated Two-Building Multifamily Portfolio in the Heart of Little Havana. Located on SW 7th Street in Little Havana, this two-building portfolio consists of 24 residential units situated on a 15, 000 SF lot, delivering stable in-place income with a renovated, turnkey asset profile and no immediate capital expenditure requirements. Both buildings underwent a comprehensive gut renovation in 2015, including new plumbing, updated electrical infrastructure, and reinforced floor structures. With a current gross income of $402, 276 and a pro forma gross income of $590, 400, the portfolio presents a compelling value-add story with clear upside through rental rate normalization — units are currently averaging below market rents, offering an investor the opportunity to capture a 6.68% pro forma cap rate. Little Havana continues to experience strong rental demand driven by its central location and direct connectivity to Miami's major employment hubs, including Downtown Miami, Brickell, the Health District, Coral Gables, and Miami International Airport. The neighborhood's affordability relative to surrounding submarkets, combined with ongoing private investment and revitalization, creates a resilient and growing tenant pool for multifamily investors seeking stable long-term returns.

MLS® NumberA12044489

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1924

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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eXp Realty holds real estate brokerage licenses in multiple states. Zoocasa (Canada), Inc. holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

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