542 SW 7th St , Riverside, Miami, FL 33130

Riverside, Miami, FL 33130
$6,500,000
Commercial / Office

Property Description

This is a new 33-bedroom co-living building in Little Havana designed to provide affordable, convenient, and move-in ready housing for middle-income renters aged 25-35 with incomes between $45k-$150k. Each private room comes with a unique digital lock for security, fully furnished, all utilities-included, professionally cleaned, & periodically serviced. Some rooms have shared bathrooms, while others have en- suite bathrooms, & the building has communal spaces such as spacious living rooms and fully equipped kitchens. The location in Little Havana is desirable, and the property is a hedge against inflation, providing a consistent and resilient income stream for investors. The potential gross income is around $600k per year, and the property has minimal operational and maintenance expenses.
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PROPERTY DETAILS

  • Exterior
    .13 Acres
  • Property Type
    Commercial / Office
  • MONTHLY REAL ESTATE TAX
    $625
  • MLS/Listing ID
    A11391466
Listing Courtesy of Fausto Commercial Realty Consultants Inc, Mauricio Villasuso - 305-340-8901