550 SW 10th St, Miami, 33130

  • $2,300,000

Buy

Miami

Quick Details

MLS #: A11605993
  • 7500
  • Lot sqft
  • 1954
  • Year Built

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.

  • Address 550 SW 10th St
  • City Miami
  • State/county Florida
  • Zip/Postal Code 33130
  • Area Miami-dade County

Details

  • MLS #: A11605993
  • Price: $2,300,000
  • Land Area: 7500 sqft
  • Year Built: 1954
  • Property Status: Buy
Listed by Miguel Solis · Douglas Elliman - Updated on June 15, 2024 at 2:15 am

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Johnathan Senecal
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