Miami, FL 33130,542 SW 7th St
Miami, FL 33130,542 SW 7th St
Miami, FL 33130,542 SW 7th St
22
See all 22 photos
$5,500,000
Est. payment /mo
12,437 SqFt
Active

542 SW 7th St Miami, FL 33130

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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

Cher Varghese

Agent | License ID: 3292935

+1(954) 643-3601

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542 SW 7th St