ActiveIncome/MultiFamily
1521 SW 7th St, Miami FL 33135
Miami, FL 33135 · MLS #A12044489The residence
About this property
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.
At a glance
Property details
- Property type
- Income/MultiFamily
- Listing type
- For sale
- Status
- Active
- Year built
- 1924
- Lot size
- 15,000 sq. ft.
- County
- Miami-Dade County
- Days on market
- 11
- Original list price
- $5,200,000
- Listing date
- June 17, 2026
- Listing agent
- Mauricio Villasuso
- Listing office
- Fausto Commercial Realty Consultants Inc
- MLS number
- A12044489
Neighborhood & location
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Schools
School information
- School district
- Miami-Dade County Public Schools
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- Principal & interest
- $26,294
- Property taxes
- $0
- Homeowners insurance
- $2,600
- Estimated total
- $28,894
Estimate only. Taxes, insurance, association fees, PMI, interest rate, and lender terms vary. Confirm the actual payment and closing costs with a licensed mortgage professional. Review Florida mortgage and pre-approval guidance.
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Listing courtesy of Fausto Commercial Realty Consultants Inc, 786-748-7373.
Data provided by MIAMI Association of REALTORS®. Information is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified. Property availability, price, and details are subject to change without notice.