22
See all 22 photos
$5,500,000
Est. payment /mo
12,437 SqFt
Active
542 SW 7th St Miami, FL 33130
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
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
Learn More About LPT Realty