Commercial Real Estate

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CommercialSaleMultifamilyFLMiami550, 10th St, Miami, FL, 33130

550 SW 10th St

550, 10th St, Miami, FL, 33130
    $2,300,000
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    Basics

    • Category:
    • Type:
    • Status:
    • Bathrooms: 0
    • Floors: 2
    • Lot size: 7500, 7500 sq ft
    • Year built: 1954
    • County: Miami-Dade
    • Lease Term: MonthToMonth
    • MLS ID: A11605993

    Description

    • Description:

      CITY OF MIAMI SOUTH PB B-41 LOT 6 BLK 79 LOT SIZE 50.000 X 150 OR 12678-417 1085 5 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%. Please call the listing agent and do not disturb the tenants.

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    Building Details

    • Building Name: HAVANA HOUSE
    • Structure Type: Apartment,MultiFamily
    • Water Source: Public
    • Sewer: Other
    • Construction Materials: Block
    • Covered Spaces: 0
    • Levels: Two
    • Number Of Buildings: 1
    • Floor covering: ,

    Amenities & Features

    • Security Features: MotionDetectors,Other,SecurityLights
    • Parking Total: 8
    • Roof: Shingle
    • Cooling: WallWindowUnits
    • Electric: Amps200OrMore
    • Heating: WindowUnit,WallFurnace

    Expenses, Fees & Taxes

    • Trash Expense: $3,720
    • Supplies Expense: 0
    • Utilities Expense: $7,560
    • Operating Expense: $28,718
    • Tax Annual Amount: $15,349
    • Insurance Expense: $5,700

    Miscellaneous

    • List Office Name: Douglas Elliman
    • Listing Terms: Cash,Conventional,Other

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    This -type commercial real estate is located in 550, 10th St, Miami, FL, 33130 was built in 1954, and is listed at $2,300,000.

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