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$5,500,000

Est. payment - /mo

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12,437 SqFt

Active

542 SW 7th St Miami, FL 33130

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Isaac De Castro

idecastro@bhsusa.com +1(646) 626-7901

UPDATED:

09/30/2024 09:35 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,437 sqft

Price per Sqft $442

MLS Listing ID A11391466

HOA Y/N No

Annual Tax Amount $7,502

Lot Size 5,875 Sqft

Property Description

This is a new 33-bedroom co-living building in Little Havana designed to provide affordable, convenient, and move-in ready housing for middle-income renters aged 25-35 with incomes between $45k-$150k. Each private room comes with a unique digital lock for security, fully furnished, all utilities-included, professionally cleaned, and periodically serviced. Some rooms have shared bathrooms, while others have en-suite bathrooms, and the building has communal spaces such as spacious living rooms and fully equipped kitchens. Sellers have the option to sign a 5 year master lease with Common/Habyt, a multi-million dollar company and the world?s largest operator of co-living properties which comes with a corporate guarantee of an NOI of $282,673 and them assuming all maintenance costs.

Location

State FL

County Miami-dade

Area 41

Direction All leases are long-term, and the bedrooms function as studios, yielding higher rents per square foot for investors while spreading risk across a broader spectrum of tenants.

Others

Tax ID 01-02-04-080-1060

Listed by Fausto Commercial Realty Consultants Inc

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Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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Isaac De Castro

542 SW 7th St Miami, FL 33130

Isaac De Castro

Key Details

Location

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542 SW 7th St