Florida
Miami
550 SW 10th St

$2,300,000

550 SW 10th St, Miami, FL 33130

4,928 sqft

Multi-Family Home
Built in 1954
7,405sqft lot
—— car garage
$467/sqft
Listed 1 year ago

Property Description

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 7.2%. Please call the listing agent and do not disturb the tenants.

Listing Status:: Active
Date Added:: June 13, 2024 at 05:00AM
Listing Office:: Douglas Elliman : 305-695-6060
Listing Agent:: Miguel Solis : 305-343-9554
MLS ID:: A11605993

Flooring: TileWood
A/C: Wall/Window Unit(s)
Heating: Wall/Window Units

This listing courtesy of Miguel Solis, Douglas Elliman

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Mater Academy East Charter

450 SW 4th St, Miami, FL, 33130

Grades KG-5

0.41 miles away

Ada Merritt K-8 Center

660 SW 3rd St, Miami, FL, 33130

Grades PK-8

0.49 miles away

Charter High School of the Americas

970 W Flagler St # 984, Miami, FL, 33130

Grades 9-12

0.76 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.