1 month on rocket

1648 SW 7th St, Miami, FL, 33135

$2,495,000

Home List Price

$10,000*

Closing Credit

0 Baths
6,014 SqFt
$415/SqFt
Multi

Location

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1648 SW 7th St, Miami$2,495,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1924
HeatingCentral
CoolingCentral Air
MLS #A11684376
StatusActive

About 1648 SW 7th St

Investor’s dream in the heart of Historic Little Havana. This 8-unit multifamily property features spacious 2- bedroom, 1-bathroom apartments. Currently generating over $18,000 per month in rental income, all 8 units are leased with vetted and qualified tenants and yearly long-term leases. Immense potential to convert all units into short- term rentals, which will significantly boost rental income. Renovated in 2021, each unit boasts new bathrooms, kitchens with granite countertops, in-unit washer/dryer, AC splits, upgraded plumbing, and electrical panels. The 40-Year Re-Certification is nearing completion, offering peace of mind to the new owner. Just steps from Calle Ocho’s renowned eateries, shopping, nightclubs, and rich cultural heritage, this property is a gem!

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1924
  • Stories: 2
  • Living Area: 6,014 SqFt

Listing Office:

  • Office Name: FI Real Estate Brokerage LLC
  • Office Phone: (305) 677-0125
  • Listing Agent: John Verea

Interior Features

Interior Information:

  • Flooring Type: Other

Virtual/3D Tour

  • Virtual Tour: 1648 SW 7th St
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,495,000
  • Price Per SqFt: $415/SqFt

Tax Information:

  • Annual Amount: $11,821
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$565.6K

Med. Price/SqFt

$391

Avg. Days On Market

60

# of Sold Homes

595

1648 SW 7th St vs Miami

31 DAYS ON ROCKET

-29 Days

$2,495,000

+$1.9M More

$415/SqFt

+$23 More

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price and $23/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11684376

Listing Office:

  • Office Name: FI Real Estate Brokerage LLC
  • Office Phone: (305) 677-0125
  • Listing Agent: John Verea

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 11:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$11,821$555,044
2018$9,285$443,327
2017$9,392$443,332

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,547

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3484034
6
/10

  • Shenandoah Elementary School

  • 1023 SW 21st Ave

  • 0.45 miles

  • Public District Grades PK-5

school-card-donut-3484035
3
/10

  • Alpha Charter of Excellence

  • 1217 SW 4th St

  • 0.51 miles

  • Public Charter Grades KG-5

school-card-donut-3484036
3
/10

  • Riverside Elementary School

  • 1190 SW 2nd St

  • 0.62 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,597. The most common annual income of people living in Miami, FL is less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33135›1648 SW 7th St

This home is located at 1648 SW 7th St in Miami, FL and zip code 33135 in the Little Havana neighborhood. This 6,014 square foot home was built in 1924. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $2,495,000.

Miami, FL housing market in November 2024 saw over 38 listings sold above listed price, more than 112 sold at listed price and over 445 sold below. The number of listings in Miami, FL increased by 6.7% between October 2024 and November 2024. Listings spent 60 days on the market in November 2024, and had a median list price of $565,671 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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