Price Reduced 15.38%


Price History

$6,500,000
5/9/2023

$5,900,000
2/7/2024

$5,500,000
7/18/2024


542 SW 7th St, Miami, FL, 33130

542 SW 7th St, Miami, FL, 33130

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.


Status:

Active

Type:

Commercial

Zoning:

6107

Est. Taxes:

$7,502

Days on Market:

436

MLS #:

A11391466


Community Info

School Info

Walk Score

Yelp



Listing courtesy of Fausto Commercial Realty Consultants Inc Phone: 305-431-2258