542 SW 7TH ST

PRICE

$ 6,500,000

Description

33 bedroom Co-Living Building in West Brickell/Little Havana. The building is designed to serve a vastly unmet need, the extreme scarcity
of affordably priced housing for middle income segments. This building is designed for 25-35 year olds, with incomes from $45k-$150k,
seeing a viable and well-priced urban living option that is convenient, move-in ready, and provides a social amenity. Tenants get a fully
furnished, all utilities-included, move-in ready, professionally cleaned and periodically serviced, newly built and beautiful designed and
appointed, private room with unique digital locks for security. Some bedrooms come with shared bathrooms and some with en-suite
bathrooms, and units typically have clusters of 4-5 bedrooms that connect to large spacious and airy living rooms, fully equipped
kitchens and other amenities. All leases are long term, and the bedrooms act like studios, so the 33 bedrooms yield dramatically higher
rents PSF for investors, and spread risk across a broader spectrum of tenants. Thus, revenue for these buildings is of both higher
quantity, and higher quality, than average apartment buildings, making this property an enticing prospect for savvy investors.
In a time where rents are surging, this co-living property presents an attractive investment opportunity. Its unique living arrangement
offers an appealing alternative for renters seeking affordability without sacrificing quality or location. Moreover, investing in this
multifamily apartment building serves as a hedge against inflation. As rents continue to rise, the demand for shared living spaces grows,
making this property an excellent long-term investment that can provide a consistent and resilient income stream.
Potential gross income of approx $600k gross per year
Built in 2022, the property is brand new and has minimal operational and maintenance expenses. Situated in the heart of Little Havana
along SW 7th Street, this property offers residents the chance to immerse themselves in the vibrant cultural tapestry of the
neighborhood. From its renowned restaurants and cafes to its captivating art galleries and boutiques, every corner of Little Havana tells a
story. This desirable location provides an unparalleled living experience, where residents can fully embrace the unique charm and energy
of this culturally rich community.
Don’t miss your chance to secure this exceptional co-living property, poised to capitalize on the surging demand for shared living spaces.
Experience the benefits of a new construction investment that offers reduced operational expenses, hedges against inflation, and
provides a compelling opportunity in the heart of Little Havana.

Details

Property Use:
Property Type:
Status:
Building Size:
12,437 Sq.Ft
Building Class:
Oportunity Zone:
Year Built:
No. Of Units
Property Subtype:
LOT SIZE:
5,875 Sq.Ft
Parkin Ratio:
Price Per Unit:

Gallery

BROKERS

Mauricio Villasuso

mv@faustocommercial.com

3053408901