$5,200,000
 $27,915 est/mo Sourced by Back At You

1521 SW 7th Street,Miami, FL 33135

Miami, FL 33135

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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. - 2 Folios: Includes 1529 SW 7 ST - Folio:01-4102-006-6019

Details

MLS #A12044489
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1924
Days On Site127
Listing Provided ByFausto Commercial Realty Consultants Inc | Mauricio Villasuso

Features

SQ Feet15,592
ZoningT5-O
Acreage0.34

Area Information

StateFL
CountyMiami Dade
CityMiami
Zip Code33135
Area2410
Listing VS Median (in 33135)
Price:
$5,200,000
low | high
Med:
$8,000
100% of Average
sqft:
15,592
low | high
Med:
13,000
66.623909697281% of Average
$ / sqft:
$334
low | high
Med:
$1
100% of Average
On site:
127
low | high
Med:
41
100% of Average
Sourced by Back At You

Market Activity 33135

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Learn More About This Property

Susan Oyer

Susan Oyer

Coldwell Banker Premium Realty

SL3501661SRES (561) 736-1251susanoyercbpr@gmail.com
StateFL
CountyMiami Dade
CityMiami
Zip Code33135
Area2410
Listing VS Median (in 33135)
Price:
$5,200,000
low | high
Med:
$8,000
100% of Average
sqft:
15,592
low | high
Med:
13,000
66.623909697281% of Average
$ / sqft:
$334
low | high
Med:
$1
100% of Average
On site:
127
low | high
Med:
41
100% of Average
Sourced by Back At You
Listing Updated: October 31, 2026 at 9:02:06 AM PDT
Susan Oyer
SRES
License #: SL3501661
(561) 736-1251
Coldwell Banker Premium Realty
406 Lucerne Ave
Lake Worth Beach, FL 33460

Susan Oyer - Coldwell Banker Premium Realty