1553 7Th StMiami, FL 33135

Property Details for 1553 7Th St

Year built

2023

Property size (Sq ft)

9,747 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 16-unit hotel, built and renovated in 2023, presents a compelling investment opportunity in Miami's vibrant Little Havana neighborhood. The property boasts 9,747 square feet on an 8,500 square foot lot, with T-5 Open zoning permitting short-term rentals. Currently operating at 100% occupancy since October 1, 2023, the hotel generates a substantial NOI of $276,300, representing a 5.45% cap rate. The asking price is $5,072,000, or $317,000 per unit. The building features a blend of modern interiors and a retro exterior, appealing to a wide range of guests. Its prime location, just a block from Calle 8's entertainment district and an eight-minute drive from I-95, Brickell, Downtown Miami, Coral Gables, and Miami International Airport, ensures high demand and strong rental income. The unit mix includes four two-bedroom/one-bathroom units and twelve one-bedroom/one-bathroom units, totaling 20 bedrooms and 16 bathrooms. This stabilized income property offers a rare opportunity to acquire a fully renovated, high-performing asset in a rapidly appreciating market. The property is a single, two-story building, representing a Class B asset. This is a freehold ownership opportunity, not subject to a ground lease.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.7666

Longitude

-80.2206

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