1521 SW 7th St, Miami FL 33135

Description of 1521 SW 7th St, Miami FL 33135

Fully Renovated Two-Building Multifamily Portfolio in the Heart of Little Havana. Located on SW 7th Street in Little Havana, this two-building portfolio consists of 24 residential units situated on a 15,000 SF lot, delivering stable in-place income with a renovated, turnkey asset profile and no immediate capital expenditure requirements. Both buildings underwent a comprehensive gut renovation in 2015, including new plumbing, updated electrical infrastructure, and reinforced floor structures. With a current gross income of $402,276 and a pro forma gross income of $590,400, the portfolio presents a compelling value-add story with clear upside through rental rate normalization — units are currently averaging below market rents, offering an investor the opportunity to capture a 6.68% pro forma cap rate. Little Havana continues to experience strong rental demand driven by its central location and direct connectivity to Miami's major employment hubs, including Downtown Miami, Brickell, the Health District, Coral Gables, and Miami International Airport. The neighborhood's affordability relative to surrounding submarkets, combined with ongoing private investment and revitalization, creates a resilient and growing tenant pool for multifamily investors seeking stable long-term returns.

Property Details for 1521 SW 7th St, Miami FL 33135

Pool Private

No

Building Information for 1521 SW 7th St, Miami FL 33135

Building Area Total

15592

Building Area Units

Square Feet

Association

No

Property Information for 1521 SW 7th St, Miami FL 33135

Lot Size Square Feet

15,000

Waterfront

No

View

No

New Construction

No

Public Records for 1521 SW 7th St, Miami FL 33135

Parcel Number

01-41-02-006-6020

Tax Legal Description

LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 18 BLK 102 LOT SIZE 7500 SQ FT OR 21033-3154 0202 4 (2) COC 25843-0394 07 2007 2

Zoning

T5-O

County Or Parish

Miami-Dade County

Location