1645 SOUTH WEST 7TH ST, Miami
$1,787,000 USD
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| Address | 1645 SOUTH WEST 7TH ST, Miami |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Residential-Multi-Family |
| Price | $1,787,000 |
| Previous Price | $1,827,000 (45 days ago) |
| Property Status | Active With Contract |
| MLS Number | A11751366 |
| Property Size | 7500 |
| Lot Size | 7500 |
| Year Built | 1981 |
| Folio Number | 01-41-02-013-0040 |
| Zoning Information | 6101 |
| Days on Market | 45 |
Detailed Description: Rare Investment Opportunity! This solid CBS construction 5-unit multifamily property offers a 5% + cap rate with potential for rent increases. Featuring two 3BD / 2BA units and three 2BD / 1BA units, it boasts a total of 12 bedrooms and 7 bathrooms. The 7,500 Sq. Ft. Lot with T-5 Open zoning allows for redevelopment of up to 11 residential or 22 hotel units (renders available). Prime location just one block from Calle 8’s entertainment district and minutes from Brickell, Downtown, Coral Gables, I-95, and Miami International Airport. Each unit has separate water and electrical meters for effortless management. Recent upgrades include new roof, kitchens, bathrooms, AC, appliances, fencing, and parking. Excellent opportunity!
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33135 |
| Address | 1645 SOUTH WEST 7TH ST |
| Zip Code (4 Digits) | 3780 |
Financial Information
| Price | $1,787,000 |
| Price per Foot | $0 |
| Previous Price | $1,827,000 |
| Folio Number | 01-41-02-013-0040 |
| Type of Contingencies | No Contingencies |
Full Descriptions
| Detailed Description | Rare Investment Opportunity! This solid CBS construction 5-unit multifamily property offers a 5% + cap rate with potential for rent increases. Featuring two 3BD / 2BA units and three 2BD / 1BA units, it boasts a total of 12 bedrooms and 7 bathrooms. The 7,500 Sq. Ft. Lot with T-5 Open zoning allows for redevelopment of up to 11 residential or 22 hotel units (renders available). Prime location just one block from Calle 8’s entertainment district and minutes from Brickell, Downtown, Coral Gables, I-95, and Miami International Airport. Each unit has separate water and electrical meters for effortless management. Recent upgrades include new roof, kitchens, bathrooms, AC, appliances, fencing, and parking. Excellent opportunity! |
Property parameters
| Living Area | 7500 |
| Lot Size | 7500 |
| Total Acreage | 0.000 |
| Zoning Information | 6101 |
| Maximum Leasable Size | 7500 |
| Year Built | 1981 |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Residential-Multi-Family |
| Street Direction | South West |
| Listed with | Habitat Realty LLC |