1553 HAVANA | 1553 SW 7th St
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1553 HAVANA 1553 SW 7th St
16 Unit Apartment Building $7,124,537 CAD ($445,284 CAD/Unit) 5.13% Cap Rate Miami, FL 33135
Investment Highlights
- Completely reinforce and remodeled with a modern inside and old retro look outside.
- The Property sits on 8,500 Sq. Ft Lot with T-5 Open zoning, allowing 12.6 residential units or 25.3 lodging/hotel units.
- Area of high demand
- Exceptional location, one block from the entertainment area on Calle 8 and 8 minutes away from I95, Brickell, Downtown, Coral Gables, and Mia Int Airp
- Zoning allows short-term rents.
- Rare to find 16 unit multifamily in the area.
Executive Summary
Rare Opportunity in Little Havana! Introducing a 16-unit Multifamily Property on 1553 SW 7th St, Miami, FL 33135, a fully renovated gem in the heart of the vibrant Little Havana neighborhood. This incredible property offers a unique blend of modern interiors and a nostalgic retro façade, capturing the essence of this iconic area. Situated on an expansive 8,500 sq ft lot with T-5 Open zoning, this property is a rare find. Featuring four spacious 2-bedroom/1-bathroom units and twelve cozy 1-bedroom/1-bathroom units, offering a total of 20 bedrooms and 16 bathrooms. The versatile zoning permits short-term rentals, providing great income potential. Convenience is at your doorstep, with just a block away from the buzzing entertainment district on Calle 8 and a short 8-minute drive to I-95, Brickell, Downtown, Coral Gables, and Miami International Airport. The location is unbeatable. Don't miss this outstanding investment opportunity! The property is fully rented for the next two years, generating a gross annual income of $364,800. Act fast and add this Little Havana gem to your portfolio. Contact us today for more information and to schedule a showing.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$512,427
|
$52.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$512,427
|
$52.57
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$128,107
|
$13.14
|
| Net Operating Income |
$384,320
|
$39.43
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $512,427 |
| Annual Per SF | $52.57 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $512,427 |
| Annual Per SF | $52.57 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $128,107 |
| Annual Per SF | $13.14 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $384,320 |
| Annual Per SF | $39.43 |
Property Facts
| Price | $7,124,537 CAD | Apartment Style | Low Rise |
| Price Per Unit | $445,284 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.13% | Building Size | 9,747 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1926 |
| Price | $7,124,537 CAD |
| Price Per Unit | $445,284 CAD |
| Sale Type | Investment |
| Cap Rate | 5.13% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 9,747 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1926 |
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 4 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 01-4102-006-5990 | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Total Assessment | $3,028,490 CAD (2024) |
PROPERTY TAXES
Parcel Number
01-4102-006-5990
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$3,028,490 CAD (2024)
zoning
| Zoning Code | T5-O (65 units per Acre.) |
| T5-O (65 units per Acre.) |
-
Javier Motta -
Habitat Realty
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1553 HAVANA | 1553 SW 7th St
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