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1050 SW 7th St, Miami, FL 33130
$1,999,999
1050 SW 7th St, Miami, FL 33130View this property at 1050 SW 7th St, Miami, FL 33130
1050 SW 7th StMiamiFL33130
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Property Description
In the heart of Little Havana and behind Calle Ocho lies this exceptional 6 unit multifamily income producing cash-cow that also has T5-L zoning allowing for AirBnB licensure and short-term rental. It's stabilized with great rents. All units are 2 bedroom 1 bath units, w/individual water meters. New mini splits A/C, individual water meters and electric reducing operating expenses. Multifamily has proven to be a COVID and inflation proof investment, and the area continues to see great rent collections. Centrally located hub of economic activity that is booming and growing from the inflow of residents from other States as they continue to be driven to Miami. With rising population, high demand, it becomes ever more critical to capitalize now on such a unique location. Contact us now!
Full Property Details
Full Property Details for 1050 SW 7th St
General
- Price: $1,999,999
- Taxes: $16,647
- Status: Active
- Type: Apartment
- MLS ID: A11336325
- Updated: 1/25/2024
- Added to Site: 491 day(s) ago
Business
- Business Type: Apartments
Location
- County: Miami-Dade County
Structural Information
- Detached/Attached: Detached
- Building Size: 4400
- Year Built: 1968
Lot Features
- Lot Size (Sq. Ft.): 6,850
- Zoning: T5-L
Financial Considerations
- Tax Amount: $16,647
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Special Conditions: Sale
- Legal Description: LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 7 BLK 29 LOT SIZE 6850 SQUARE FEET OR 16608-1491 1294 4 COC 25072-0905 09 2006 5
- Property ID: 01-41-02-005-4990
Listed by Fausto Commercial Realty Consultants Inc
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Schools
Schools serving 1050 SW 7th St
School District:Miami-Dade County School District
Rating | Name | Grades | Distance |
---|---|---|---|
1190 Sw 2nd St, Miami, FL 33130 | PK-5 | 0.3 mi | |
12829 Sw 272nd St, Homestead, FL 33032 | PK-8 | 20.9 mi | |
3100 Nw 5th Ave, Miami, FL 33127 | 6-8 | 2.8 mi | |
1200 Nw 6th Ave, Miami, FL 33136 | 9-12 | 1.4 mi | |
Robert Morgan Educational Center and Technical College
18180 Sw 122 Avenue, Miami, FL 33177 | 9-12 | 16 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1050 SW 7th St
Date
Details
Price
Change
Source
2/01/2023
Listed
$1,999,999
180.7%
MLS
1/29/2021
Sold
$712,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1050 SW 7th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$16,599
—
$917,842
7%
2022
$16,647
18%
$856,841
22%
2021
$14,082
—
$702,724
15%
2021
$14,082
24%
$609,220
15%
2019
$11,346
5%
$531,512
3%
2018
$10,762
5%
$513,835
6%
2017
$10,227
-3%
$482,786
—
2016
$10,537
17%
$482,786
39%
2015
$8,975
25%
$347,664
10%
2014
$7,168
30%
$316,059
30%
2013
$5,493
—
$242,480
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1050 SW 7th St
1050 SW 7th St, Miami, FL 33130 (MLS# A11336325) is a Apartment property. 1050 SW 7th St is currently listed for $1,999,999 and was received on February 01, 2023. Want to learn more about 1050 SW 7th St? Do you have questions about finding other Apartment real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.