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1553 SW 7th St 16 Unit Apartment Building $6,300,252 CAD ($393,766 CAD/Unit) 5.38% Cap Rate Miami, FL 33135
Investment Highlights
- Renovations Includes structural reinforcement, concrete restoration, new impact windows, and roof replacement, ensuring long-term durability.
- Located in one of Miami’s fastest-growing neighborhoods, with strong rental demand from tourists, professionals, and students alike.
- Just one block from Calle 8’s entertainment district and minutes from Brickell, Downtown, Coral Gables, and Miami International Airport.
Executive Summary
Fully renovated in 2023 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 1-bedroom/1-bathroom units, offering a total of 20 bedrooms and 16 bathrooms. The zoning permits short-term rentals, providing great income potential. Convenience 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!
Property Facts
| Price | $6,300,252 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $393,766 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.38% | Building Size | 9,747 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1926/2023 |
| Property Subtype | Apartment | ||
| Zoning | T5-O - Allows for short-term rentals (Airbnb/VRBO) or long-term tenancy, ensuring strong income potential and adaptability to market shifts. | ||
| Price | $6,300,252 CAD |
| Price Per Unit | $393,766 CAD |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| Sale Condition | Redevelopment Project |
| 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/Renovated | 1926/2023 |
| Zoning | T5-O - Allows for short-term rentals (Airbnb/VRBO) or long-term tenancy, ensuring strong income potential and adaptability to market shifts. |
Amenities
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 1
Walk Score®
Walker's Paradise (94)
Property Taxes
| Parcel Number | 01-4102-006-5990 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,248,191 CAD |
Property Taxes
Parcel Number
01-4102-006-5990
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,248,191 CAD
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1553 SW 7th St
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