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

2,725,000(-8.44% )
$2,495,000Price
6,014SqFt

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Size: 6,014 ft2 / 559 m2
Price: $415 ft2 / $4,466 m2
Built: 1924
MLS Number: A11684376
On Site: 50 Days
Updated: 5 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
Price History
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 VereaFI Real Estate Brokerage LLC • Buyer Agency Compensation .

Instant Comparative Market Analysis
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Unit 1648 SW 7th St – Asking

$415/ft²

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Closed Medium $/ft²

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