1521 SW 7th Street, Miami, FL 33135
$5,200,000
Property Type:
Commercial Sale
Square Footage:
15,592
Status:
Active
Current Price:
$5,200,000
List Date:
6/17/2026
Last Modified:
6/28/2026
Overview
Description
...
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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.
Supplements:
Listing Details MLS# A12044489
General Property Information
- Property Sub Type
- Multi Family
- Occupant Type
- Tenant
- Building Area Main
- 15592
- Year Built
- 1924
- Lot Size Area
- 15000
- Lot Size Acres
- 0.34
Contract Information
- Comp Sale YN
- No
- Original List Price
- 5200000
Location and Legal
- Country
- United States
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- Street Number
- 1521
- Street Direction Prefix
- SW
- Street Name
- 7th
- Street Suffix
- Street
- City Name
- Miami
- Municipal Code
- Yes
- State Or Province
- FL
- Postal Code
- 33135
- Postal Code +4
- 5511
- Area
- 2410
- Parcel Number
- 0141020066020
- Subdivision Number
- 6
- Zoning
- T5-O
- Flood Zone
- X
Financial Information
- Tax Legal Description
- LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 18 BLK 102 LOT SIZE 7500 SQ FT OR 21033-3154 0202 4 (2) COC 25843-0394 07 2007 2
Status Change Information
- Major Change Timestamp
- 2026-06-17T04:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-06-28
Price Calculations
- Current Price To SqFt
- 333.5
More Information
Section Details
- Parcel Number MLX
- 6020
Originating Details
- Originating System Key
- 517294900
- Originating System ID
- M00000151
Office/Member Information
- DXORIGMLSID
- SEF
Listing Office:
Fausto Commercial Realty Consultants Inc
Last Updated: June - 28 - 2026
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