Home » Miami » 1648 SW 7th St, Miami, FL 33135 | A11684376

Fourplex (Quadruplex) For Sale 1648 SW 7th St, Miami, FL 33135

$2,495,000
Price has decreased by $230,000

Property Highlights

Listing ID A11684376 Status of this Listing: Active Under Contract (An offer has been accepted, considering Backup Offers) For Sale Property Type Residential Income (Multifamily 2-4) Fourplex (Quadruplex) Living Space 6,014 Sqft/558.72 m2 approx. Building Area 6,014 Sqft/558.72 m2 approx. Year Built 1924 Time of this property on Rebonus 76 Day(s)

1648 SW 7th St, Miami, FL 33135

Property Description: Investor’s dream in the heart of Historic Little Havana. This 8-unit multifamily property features spacious 2- bedroom, 1-bathroom apartments. Currently generating over $18,000 per month in rental income, all 8 units are leased with vetted and qualified tenants and yearly long-term leases. Immense potential to convert all units into short- term rentals, which will significantly boost rental income. Renovated in 2021, each unit boasts new bathrooms, kitchens with granite countertops, in-unit washer/dryer, AC splits, upgraded plumbing, and electrical panels. The 40-Year Re-Certification is nearing completion, offering peace of mind to the new owner. Just steps from Calle Ocho’s renowned eateries, shopping, nightclubs, and rich cultural heritage, this property is a gem!

Useful Info

Contingency:No Contingencies
Previous Asking Price:$2,725,000
Original List Price:$2,725,000

Lease Details

Rent Includes:
  • Sewer
  • Trash Collection
  • Gardener
  • Pest Control

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • Fourplex
Levels:Two
Construction Materials:
  • Block
Flooring:
  • Other
Stories:2

Property Features

Waterfront:No
Roof:
  • Flat
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$34,120

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Property Tax Status:Tax Reflects City & County Tax

Terms

Documents Available:
  • Financials
  • Rent Rolls
  • Lease
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Buyer Possession:
  • Closing & Funding
Lease Considered:No

Community

Subdivision Name:MANLEYS
Senior Community:No

Parking

Parking Total Spaces:0
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available

More Details

Other Information:
Tax InformationTax Reflects City & County Tax
Flood ZoneX
Type of AssociationNone
StyleFourplex
FEMA Flood Zone DesignationsX
Municipal Code1
Ref1093479795
Subdivision Number12

Zoning and Legal

Tax Legal Description:2 54 41 MANLEYS RESUB PB 9-47 E1/2 LOTS 5-6-7-8 LOT SIZE 50.000 X 100 OR 25059-0630/25294-0624 1006 2
Real Estate Folio Number (Parcel Number):01-41-02-012-0050
Zoning Description:6101
Public Survey Township:1
Public Survey Range:41
Public Survey Section:2

Listing History

Update/EventDate/Days
Published Date:November 1, 2024 1:44 pm
On Market Date:October 28, 2024
Price Change Date Time:December 2, 2024 4:10 pm
Last Important Update Description:Active Under Contract (An offer has been accepted, considering Backup Offers)
Date and Time of Last Important Update:December 16, 2024 2:26 pm
Status Last Changed:December 16, 2024 2:26 pm
Photos Last Modified:November 1, 2024 6:04 pm
Last Modified:December 16, 2024 7:27 pm
Days on the Market Reference Date:December 16, 2024
Days on the Market (updated on Last Modified*):49
Cumulative Days on the Market (updated on Last Modified**):50

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot
Number of Photos:21
Location:,,Less Than 1/4 Acre Lot
Included:,,
Area:41
Courtesy of:FI Real Estate Brokerage LLC
Universal Property Id:US-12025-N-0141020120050-R-N

Location

Show Property Address:Yes
Street Name:7th St
Street Number:1648
Street Direction Prefix:SW
Street Address:1648 SW 7th St
City : Miami
State : Florida
Zip Code : 33135
County : Miami-Dade
Full Address:1648 SW 7th St, Miami, FL 33135
Latitude:N25° 45' 58.6''
Longitude:W81° 46' 39.9''

Neighborhood

Postal City:Miami

Property Map