550 10Th St Miami, FL 33130

This exceptional 8-unit multifamily property, known as Havana House, presents a lucrative investment opportunity in the vibrant Miami, Florida market. Located at 550 SW 10th St, Miami, FL 33130, this two-story building, constructed in 1954, boasts a prime location near Brickell and Little Havana, making it ideal for both long-term and short-term rentals. The property recently underwent significant upgrades, including a complete roof replacement in 2024, ensuring long-term structural integrity. All windows are impact-resistant, providing both security and energy efficiency. Plumbing upgrades were completed in 2023, enhancing functionality and reducing maintenance concerns. The laundry facility also received a recent upgrade. The building itself has been freshly painted, presenting a well-maintained exterior. The property comprises eight spacious one-bedroom, one-bathroom units, each with assigned parking. Three units have been tastefully remodeled, while the remaining five are in excellent condition. All tenants are currently on month-to-month leases. The property has successfully completed its 40-year recertification, eliminating any immediate concerns. With a current market rent of $2,000 per unit, the annual rental income projects to $192,000, resulting in a CAP rate exceeding 7%. The asking price for this exceptional investment is $2,300,000. Please respect the privacy of the tenants.