1648 SW 7th Street, Miami FL 33153
Fausto Commercial is pleased to present 1648 SW 7th Street, an 8 unit multifamily property located in Miami, Florida. Conveniently located within walking distance from Calle Ocho, in the heart of the active strip of restaurants, bars and other retail amenities. The property is centrally located and in close proximity to Miami’s most popular locations such as Brickell, Down Town Miami, Coral Gables, the Miami Design District, Wynwood art district and South Beach. Given it’s great transit connectivity, culture, and centrality to employment centers there is an insatiable demand to be in this iconic neighborhood.
For investors looking for a professionally managed real estate asset, this property offers a great investment opportunity. With 8-units rented as vacation rentals, the Net Operating Income potential for this property is expected to be $160,000 approximately. This income constitutes a 28% increase when compared to market rate long-term rentals. That is, a capitalization rate of 6.5% as short-term rentals.