DO NOT MISS THIS OPPORTUNITY TO BUY A MIXED-USE COMMERCIAL BUILDING IN PRIME LOCATION. YOU CANNOT GET ANY CLOSER TO BRICKELL THAN THIS. LEGAL 5 UNIT MULTIFAMILY PROPERTY. Currently, five (5) residential units: (2) 3/2 units on the first floor & (3) 2/1 units on the second floor. Recently renovated units, new roof, newer A/Cs, and all impact windows and doors. Plenty of parking on premises. ZONED T5-L view attachments for specifics. Allows for: HOTEL, RESTAURANT, OFFICE, RETAIL, RELIGIOUS OR RECREATIONAL FACILITY, AND MUCH MUCH MORE. Currently used as mid-term & long-term rental property with the potential to generate much much more as a short-term rental
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$14.7K
Per Month
Principal & Interest
$14.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,911
Powered By
Advertisement
NMLS#3030
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.
Elementary School
3
/10
Riverside Elementary School
1190 SW 2nd St
Distance between this listing and this school0.80 miles
Public District Grades PK-5
Middle School
1
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school2.66 miles
Public District Grades 6-8
High School
3
/10
Booker T. Washington Senior High School
1200 NW 6th Ave
Distance between this listing and this school1.32 miles
Public Magnet Grades 9-12
Assigned Schools
3
/10
Riverside Elementary School
1190 SW 2nd St
Distance between this listing and this school0.80 miles
Public District Grades PK-5
Nearby Schools
10
/10
Mater Academy East Charter
450 SW 4th St
Distance between this listing and this school0.17 miles
Public Charter Grades PK-5
6
/10
Southside Elementary School
45 SW 13th St
Distance between this listing and this school0.59 miles
Public Magnet Grades PK-5
Assigned Schools
1
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school2.66 miles
Public District Grades 6-8
Nearby Schools
10
/10
Ada Merritt K-8 Center
660 SW 3rd St
Distance between this listing and this school0.30 miles
Public Magnet Grades PK-8
9
/10
Lincoln-Marti Charter School Little Havana Campus
970984 West Flagler St
Distance between this listing and this school0.72 miles
Public Charter Grades KG-8
Assigned Schools
3
/10
Booker T. Washington Senior High School
1200 NW 6th Ave
Distance between this listing and this school1.32 miles
Public Magnet Grades 9-12
Nearby Schools
8
/10
Sports Leadership of Miami Charter High School
998 SW 1st St
Distance between this listing and this school0.70 miles
Public Charter Grades 9-12
6
/10
Mater Academy East Charter High School
998 SW 1st St
Distance between this listing and this school0.70 miles
The neighbors living near this home have an average income of $25,786. Residents of Miami, FL typically earn less than $35k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 427 SW 7th St in Miami, FL and zip code 33130 in the Little Havana neighborhood. This home was built in 1980. It has been listed on Rocket Homes since December 13, 2023 and is currently priced at $2,950,000.
While more than 115 listings in Miami, FL in March 2024 were sold above asking price, there were more than 149 listings sold at asking price, and more than 619 were sold below. In March 2024 in Miami, FL there were 9.1% more homes for sale than in February 2024. In March 2024 median list price was $540,091 and the average listing age was 59 days.
From Rocket Homes Real Estate and based on county public records data.
© 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.
Pro Boxing
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
H&M
Burlington
Foot Locker
Boston Market
White Castle
Popeyes
Honda
Kia
Nissan
Rhythmic Contemporary Hits
Urban Adult Contemporary