Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Lot size: 5875, 5875 sq ft
- County: Miami-Dade
- MLS ID: A11391466
Description
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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 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.
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Location
- 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.
Building Details
- Structure Type: Apartment
- Covered Spaces: 0
Expenses, Fees & Taxes
- Tax Annual Amount: $7,502
Miscellaneous
- List Office Name: Fausto Commercial Realty Consultants Inc
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 542, 7th St, Miami, FL, 33130 was built in , and is listed at $5,500,000.