Welcome to Havana House. This 8-unit building comprises large one-bedroom, one-bath units, all with assigned parking. Three of the units have been remodeled, and the remaining five are in good condition. The roof was replaced in 2024, and all windows are impact-resistant. Plumbing was upgraded in 2023, along with the laundry facility. The building was recently painted and is ready for sale. All tenants are on month-to-month leases. Its proximity to Brickell and Little Havana makes this an ideal location for short-term rentals. The property has completed its 40-year recertification. With market rent at $2,000 per unit, the yearly income can be $192,000, with a CAP rate of over 7%. Please call the listing agent and do not disturb the tenants.
Property Details
Price:
$2,300,000
MLS #:
A11605993
Status:
Active
Beds:
0
Baths:
0
Address:
550 SW 10th St
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Miami
Listed Date:
Jun 13, 2024
State:
FL
Finished Sq Ft:
4,928
ZIP:
33130
Year Built:
1954
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Flooring
Tile, Wood
Heating
Wall/ Window Units
Exterior
Construction Materials
C B S Construction
Parking Spots
8
Roof
Shingle
Financial
Buyer Agent Compensation
2.5%%
Taxes
$15,349
Map
Community
- Address550 SW 10th St Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33130
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