Active
1648 SW 7th St, Miami, FL 33135
Est: $18,077/moGet pre-approved
Multi FamilyProperty Type
0.11 acresLot Size
1924Year Built

Description

Investor’s dream in the heart of Historic Little Havana. This 8-unit multifamily property features spacious 2- bedroom, 1-bathroom apartments. Currently generating over $18,000 per month in rental income, all 8 units are leased with vetted and qualified tenants and yearly long-term leases. Immense potential to convert all units into short- term rentals, which will significantly boost rental income. Renovated in 2021, each unit boasts new bathrooms, kitchens with granite countertops, in-unit washer/dryer,...Investor’s dream in the heart of Historic Little Havana. This 8-unit multifamily property features spacious 2- bedroom, 1-bathroom apartments. Currently generating over $18,000 per month in rental income, all 8 units are leased with vetted and qualified tenants and yearly long-term leases. Immense potential to convert all units into short- term rentals, which will significantly boost rental income. Renovated in 2021, each unit boasts new bathrooms, kitchens with granite countertops, in-unit washer/dryer, AC splits, upgraded plumbing, and electrical panels. The 40-Year Re-Certification is nearing completion, offering peace of mind to the new owner. Just steps from Calle Ocho’s renowned eateries, shopping, nightclubs, and rich cultural heritage, this property is a gem!
789 days on Market
  • Listed by: John Verea 646.662.8504 Jv@Fi.realestate • FI Real Estate Brokerage LLC
Source: MiamiRE, MLS#: A11630870

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Location

Listing Courtesy of FI Real Estate Brokerage LLC
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$18,077 per month

30 year fixed, 6.71% Interest

Principal and Interest

$15,115

Property Taxes

$2,962

HOA Dues

$0

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Property Information for 1648 Southwest 7th Street

Property Details
  • Taxes: $35,542 / year
  • MLS Type: Commercial/Industrial / Fourplex
  • Subdivision: MANLEYS
  • Style: Fourplex
  • Waterfront: No
  • Area: 41
  • Auction: No
  • Num Stories: 2
  • Sq Ft Total: 6014
  • Sq Ft Liv Area: 6014.0
  • AdjustedAreaSF: 3045.0
  • Year Built Description: Resale
Building Information
  • Year Built: 1924
  • Lot Size: 0.11 AC / 5,000 SF
Location Information
Location Information
  • Parcel Number Free Text: 01-41-02-012-0050
  • Parcel Number MLX: 0050
  • MLS Area: 41
  • Municipal Code: 1
  • Township Range: 41
  • Section: 2
  • Subdivision Number: 12
  • Subdivision Complex Bldg: MANLEYS
  • Unit Count: 1
  • Zoning Information: 6101
General Information
Parking
  • Num Parking Spaces: 0
General Information
  • Property Type Information: Attached
  • Prop Type-Type of Building: Apartments, Residential-Multi-Family
  • Building Sq Ft: 6,014
  • Occupancy Percentage: 100.00%
  • Approximate Lot Size: 5000
  • Property Sq Ft: 5000
  • Lot Description: Less Than 1/4 Acre Lot
  • Pool: No
  • Construction: Concrete Block Construction
  • Construction Type: Concrete Block Construction
  • Roof Description: Flat Roof With Facade Front
  • Flooring: Other Floors
  • Floor Description: Other Floors
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Central Cooling
  • Sewer Description: Municipal Sewer
  • Separate Meter: Yes
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Num Units: 8
  • Rent Includes: Lawn Care, Pest Control, Sewer, Trash Removal
Financial Information
Financial Information
  • Type of Association: None
  • Flood Zone: X
  • Tax Year: 2023
  • Tax Information: Tax Reflects City & County Tax
  • Information Available: Financial Statement, Copy Of Lease(S), Rent Rolls

Property History for 1648 Southwest 7th Street

DateEvent & SourcePriceAppreciation
Jan 14, 2025

Sold (Public Record)

Public Record #1549596689

$2,225,000

-4.1% / yr

Jan 14, 2025

Sold

MiamiRE #A11684376

$2,225,000
Dec 16, 2024

Pending

MiamiRE #A11684376

DateEvent & SourcePrice
01/14/2025

Sold (Public Record)

Public Record #1549596689

$2,225,000

-4.1% / yr

01/14/2025

Sold

MiamiRE #A11684376

$2,225,000
12/16/2024

Pending

MiamiRE #A11684376

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1648 Southwest 7th Street

Taxable ValueLand$500,000Additions$941,600Total$1,441,600
Tax Record2025$28,814 ($2,401 / month)
Home Facts
Baths8Total Finished SqFt6,014 SqFtAbove Grade Finished SqFt6,014 SqFtStories2Lot Size5,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1924Year Renovated1944Zoning6101CountyMIAMI-DADEAPN01-4102-012-0050

Schools near 1648 Southwest 7th Street

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Riverside Elementary Community School
PublicPK to 5

Jose De Diego Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1648 Southwest 7th Street is a multi-family home for sale in Miami, FL 33135. This property was listed for sale on July 25, 2024 by FI Real Estate Brokerage LLC, it's currently listed at $2,925,000. It has been on the market for a total of 789 days and was last sold on January 14, 2025. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Riverside Elementary Community School, Air Base K-8 Center for International Education and Jose De Diego Middle School. 1648 Southwest 7th Street is a 0-bed, 0-bath multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of FI Real Estate Brokerage LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.