1521 SW 7th St, Miami, FL 33135
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1521 SW 7th St, Miami, FL 33135
1521 SW 7th St, Miami, FL 33135
1521 SW 7th St, Miami, FL 33135
1521 SW 7th St, Miami, FL 33135
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 5,200,000
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1521 SW 7th St Miami, FL 33135

15,592 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,592 sqft

Price per Sqft $333

MLS Listing ID A12044489

HOA Y/N No

Year Built 1924

Lot Size 0.344 Acres

Property Sub-Type Multi Family

Property 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.

Location

State FL

County Miami-dade

Area 41

Exterior

Private Pool Yes

Others

Tax ID 01-41-02-006-6020

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12044489

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc
Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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1521 SW 7th St

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