South Florida
Closed
Manleys, 1648 SW 7th St, Miami, FL 33135
2,495,000(-10.82% )
Details
Save
Status:
Sold - Jan 14, 2025
Size: 6,014 SqFt (559 m2)
Price: $370/SqFt ($3,982/m2)
Type: Multi Family
Built: 1924
MLS Number: A11684376
On Site: 284 Days
Updated: 196 Days ago
Page Views: 0
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!
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Central
- Cooling Description: CentralAir
Building and Construction
- Floor Description: Other
- Year Built: 1924
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2024-11-01T13:44:30.000-00:00
Taxes, Fees & More
- Taxes: 34120
Price History
01/14/2025
Date
Sold
Event
$2.2M
Price
-10.82%
Change Rate
$370 ft2 / $3,982 m2
Price Per
12/02/2024
Date
Price Reduced
Event
$2.5M
Price
-8.44%
Change Rate
$415 ft2 / $4,466 m2
Price Per
10/29/2024
Date
Listed
Event
$2.7M
Price
$453 ft2 / $4,877 m2
Price Per
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by John Verea • FI Real Estate Brokerage LLC • Buyer Agency Compensation .
Instant Comps
$200/ft²
$300/ft²
$400/ft²
$500/ft²
Unit 1648 SW 7th St – Asking
$370/ft²
(+0%) from Closed Medium $/ft²
Closed Medium $/ft²
$370/ft²
Community $/Price Range (Closed) $370/ft² – $370/ft²
No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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