Miami, FL 33130 550 SW 10th St
$2,300,000
28 more
Presented By: This listing is courtesy of Douglas Elliman;
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
SQFT • 4,928
Home Details
Welcome to Havana House. This 8-unit building comprises large one-bedroom, one-bath units, all with assigned parking. Three of the units have been remodeled, and the remaining five are in good condition. The roof was replaced in 2024, and all windows are impact-resistant. Plumbing was upgraded in 2023, along with the laundry facility. The building was recently painted and is ready for sale. All tenants are on month-to-month leases. Its proximity to Brickell and Little Havana makes this an ideal location for short-term rentals. The property has completed its 40-year recertification. With market rent at $2,000 per unit, the yearly income can be $192,000, with a CAP rate of over 7%. Please call the listing agent and do not disturb the tenants.
Presented By: This listing is courtesy of Douglas Elliman;
Interior Features for 550 SW 10th St
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringTile, Wood
Heating Y/NYes
General for 550 SW 10th St
Additional Parcels Y/NNo
Attached Garage No
Building NameHAVANA HOUSE
Carport Y/NNo
CityMiami
Construction MaterialsBlock
CoolingWallWindowUnits
CountyMiami-Dade County
Days on Market1
ElectricItem200AmpService
Garage Y/NNo
Gross Income145000.0
HOA / Comm AssnNo
HeatingWindowUnit, WallFurnace
Home Warranty Y/NNo
Insurance Expense5700.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionCITY OF MIAMI SOUTH PB B-41 LOT 6 BLK 79 LOT SIZE 50.000 X 150 OR 12678-417 1085 5
LevelsTwo
Listing TermsCash, Conventional, Other
Lot Size Square Feet7500.0
Lot Size UnitsSquareFeet
MLS Area41
MobileHomeRemainsYNNo
Net Operating Income117000.0
New ConstructionNo
Occupancy TypeTenant
Ok to LeaseMonthToMonth
Operating Expense28718.0
Percent OwnershipCorporation
PossessionClosingFunding
PostalCityMiami
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubTypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
RoofShingle
Security FeaturesMotionDetectors, Other, SecurityLights
Senior Community Y/NNo
SewerOther
Special Listing ConditionsCorporateListing
Standard StatusActive
StatusActive
Stories2
Structure TypeApartment, MultiFamily
Tax Annual Amount15349.0
Tenant PaysElectricity
Trash Expense3720.0
View Y/NNo
Virtual TourClick here
Waterfront Y/NNo
Year Built1954
Year Built DetailsResale
Zoning Description3900
Exterior for 550 SW 10th St
Building Area Total4928.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Area7500.0
Number of Buildings1
Number of Separate Electric Meters9
Open Parking Y/NNo
SpaNo
Total Parking8.0
Water SourcePublic
Additional Details
Price History
