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542 SW 7th St Miami, FL 33130
$6,500,000
  • Commercial
  • Commercial
  • ML# A11391466

Property Details

Overview

This is a new 33-bedroom co-living building in Little Havana designed to provide affordable, convenient, and move-in ready housing for middle-income renters aged 25-35 with incomes between $45k-$150k. Each private room comes with a unique digital lock for security, fully furnished, all utilities-included, professionally cleaned, & periodically serviced. Some rooms have shared bathrooms, while others have en- suite bathrooms, & the building has communal spaces such as spacious living rooms and fully equipped kitchens. The location in Little Havana is desirable, and the property is a hedge against inflation, providing a consistent and resilient income stream for investors. The potential gross income is around $600k per year, and the property has minimal operational and maintenance expenses.

Key Facts

  • Lot Sq Ft: 5875
  • Taxes: $7,502
  • Zoning: 6107

Additional Features

Financial

  • Taxes: $7,502
Listing Information provided courtesy of Fausto Commercial Realty Consultants Inc