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DESCRIPTION
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, and periodically serviced. Some rooms have shared bathrooms, while others have en-suite bathrooms, and the building has communal spaces such as spacious living rooms and fully equipped kitchens. Sellers have the option to sign a 5 year master lease with Common/Habyt, a multi-million dollar company and the world’s largest operator of co-living properties which comes with a corporate guarantee of an NOI of $282,673 and them assuming all maintenance costs.,
, CITY OF MIAMI SOUTH PB B-41 N85FT LOT 6 BLK 48 & S65FT OF LOT 6 BLK 48 LESS S43.87FT OF W27.50FT & S21.10FT OF E22.50FT OF LOT 6 BLK 48 LOT
FEATURES- Building Area Total 12437
- Building Area Units Square Feet
- City Miami
- Contract Status Change Date 2023-05-09 00:00:00
- County Or Parish Miami-Dade County
- Days On Market 408
- Directions
All leases are long-term
and the bedrooms function as studios
yielding higher rents per square foot for investors while spreading risk across a broader spectrum of tenants. - Expiration Date 2024-06-30 00:00:00
- Latitude 26
- List A O R A-Miami Association of REALTORS
- List Price 5900000
- Living Area Units Square Feet
- Longitude -80
- Lot Size Square Feet 5875
- Lot Size Units Square Feet
- Major Change Type Price Decrease
- Mls Status Active
- On Market Date 2023-05-09 00:00:00
- Original List Price 6500000
- Originating System Name miamire
- Parcel Number 01-02-04-080-1060
- Postal Code 33130
- Postal Code Plus4 3412
- Previous List Price 6500000
- Property Type Commercial Sale
- Standard Status Active
- State Or Province FL
- Tax Legal Description CITY OF MIAMI SOUTH PB B-41 N85FT LOT 6 BLK 48 & S65FT OF LOT 6 BLK 48 LESS S43.87FT OF W27.50FT & S21.10FT OF E22.50FT OF LOT 6 BLK 48 LOT
- Unparsed Address
542 SW 7th St
Miami FL 33130 - Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/mia/A11391466
- Zoning 6107
Zulma Hernandez
LISTING AGENT
Listing Provided by:
Mauricio Villasuso
Fausto Commercial Realty Consultants Inc
The multiple listing information is provided by Miami Association of REALTORS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©️2019 Miami Association of REALTORS. All Rights Reserved.
The information provided is for consumers’ personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
