FL > Miami
Miami, FL 33130,550 SW 10th St
Miami, FL 33130,550 SW 10th St
Miami, FL 33130,550 SW 10th St
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$2,300,000
Est. payment /mo
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4,928 SqFt
Active

550 SW 10th St Miami, FL 33130

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Cher Varghese

Cher Varghese

+1(954) 643-3601

UPDATED:

12/03/2024 09:02 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,928 sqft

Price per Sqft $466

MLS Listing ID A11605993

Construction Status Resale

HOA Y/N No

Year Built 1954

Annual Tax Amount $15,349

Lot Size 7,500 Sqft

Property Description

Welcome to Havana House. This 8-unit building comprises large one-bedroom, one-bath units, all with assigned parking. Three of the units have been remodeled, and the remaining five are in good condition. The roof was replaced in 2024, and all windows are impact-resistant. Plumbing was upgraded in 2023, along with the laundry facility. The building was recently painted and is ready for sale. All tenants are on month-to-month leases. Its proximity to Brickell and Little Havana makes this an ideal location for short-term rentals. The property has completed its 40-year recertification. With market rent at $2,000 per unit, the yearly income can be $192,000, with a CAP rate of over 7%. Please call the listing agent and do not disturb the tenants.

Location

State FL

County Miami-dade

Area 41

Interior

Heating Window Unit, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Tile, Wood

Exterior

Roof Type Shingle

Total Parking Spaces 8

Building

Story 2

Sewer Other

Water Public

Level or Stories Two

Structure Type Block

Construction Status Resale

Others

Tax ID 01-02-07-090-1050

Ownership Corporation

Security Features Motion Detectors,Other,Security Lights

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Corporate Listing

Listed by Douglas Elliman

Learn More About LPT Realty

Cher Varghese

Agent | License ID: 3292935

+1(954) 643-3601

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550 SW 10th St