Multifamily in Miami, FL 33135
Manleys, 1648 SW 7th St

$2.7M18.3%
$2,225,000
6,014
SqFt
Status
Sold - Jan 14, 2025
Size
6,014 SqFt (559 m2)
Price
$370/SqFt ($3,982/m2)
Type
Multifamily
Built
1924
MLS Number
A11684376
On Site
683 Days
Updated
18 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

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          Price History

          Current
          $2.2M
          High
          $2.7M
          Low
          $2.2M
          Total Change
          -18.3%
          $2.8M$2.5M$2.2MOct 24Dec 24Jan 25
          Date
          Event
          Price
          Change
          Price Per
          01/14/2025
          Sold
          $2.2M
          -10.82%
          $370 ft2
          $3,982 m2
          12/02/2024
          Price Reduced
          $2.5M
          -8.44%
          $415 ft2
          $4,466 m2
          10/29/2024
          Listed
          $2.7M
           
          $453 ft2
          $4,877 m2
          01/14/2025
          $2.2M
          Event
          Sold
          Change
          -10.82%
          Price Per
          $370 ft2
          $3,982 m2
          12/02/2024
          $2.5M
          Event
          Price Reduced
          Change
          -8.44%
          Price Per
          $415 ft2
          $4,466 m2
          10/29/2024
          $2.7M
          Event
          Listed
          Price Per
          $453 ft2
          $4,877 m2
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by John VereaFI Real Estate Brokerage LLC • Buyer Agency Compensation .

          Listing Location & Street View
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          Scores

          Walk Score®
          Walker's Paradise. Daily errands do not require a car
          95

          100
          Transit Score®
          Good Transit. Many nearby public transportation options
          52

          100
          Bike Score®
          Bikeable. Some bike infrastructure
          62

          100
          Sound Score®
          Very loud
          65

          100
          Airport Score
          Close to airports. Noticeable airport activity
          0

          100
          Traffic Score
          Congested area. Frequent traffic delays
          46

          100
          Local Score
          Limited local amenities nearby
          5

          100
          Community Snapshot
          6,014 - 6,014
          SqFt Range
          1924
          Year Build
          2
          Total Floors