1091 Galiano St - Apartments FOR SALE


Coral Gables, FL 33134- Douglas
$20,000,000 USD
786-522-7076
1091 Galiano St, Coral Gables, FL for Sale
$20,000,000 USD
Apartments - FOR SALE
1/35
null | 4.26% Cap Rate

1091 Galiano St
Coral Gables, FL 33134
Douglas


HIGHLIGHTS

  • This luxury 27-unit mid-rise property features spacious floorplans, with units averaging 1,395 square feet.
  • Modern amenities include a resort-style pool, outdoor BBQ area, gated garage, and climate-controlled common areas designed for resident comfort.
  • The building offers secure access with a gated parking garage, dedicated bicycle storage, and dual elevators for added convenience.
  • Situated in the supply-constrained Coral Gables market, the property benefits from strong demand fundamentals and long-term rent growth potential.
  • In-place rents average $3.17 per square foot, which is below market rates, presenting an immediate upside through strategic rent adjustments.

OVERVIEW

Marcus & Millichap is pleased to offer for sale Gables Galiano located at 1091 Galiano Street in Coral Gables, Florida. This property comprises 27 luxury residential units with a diverse mix of spacious floorplans. This includes eight three-bedroom three-bath units, eight three-bedroom two-bath units, eight two-bedroom two-bath units, and three two-bedroom two-and-a-half-bath townhomes. Each unit offers an average of 1,395 square feet of fully air-conditioned living space. The modern mid-rise construction features floors three through six with ceiling heights of 9 feet 3 inches, while the townhomes showcase impressive 13-foot ceilings, creating an open and airy atmosphere. Every unit includes at least one large private terrace, enhancing the overall living experience. Residents can enjoy a wide range of desirable amenities, including a resort-style pool, an outdoor barbecue area, climate-controlled common areas, and secure bicycle storage. The property also features a gated parking garage with 56 spaces and two elevators for added convenience and security. Currently, in-place rents average $3.17 per square foot, which is below the market rate for comparable Class A properties in the area. This presents a significant opportunity for income growth through strategic rent adjustments. With its strong physical attributes, generous unit sizes, and substantial upside potential, Gables Galiano offers an exceptional investment opportunity for buyers seeking both immediate and long-term returns in a supply-constrained rental market.

FOR SALE DETAILS

PRICE

$20,000,000 USD

PRICE/SF

$435 USD /SF

# OF UNITS

27

PRICE/UNIT

$740,741

CAP RATE

4.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

27 High-End Units For Sale

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2020

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,211 SF

ZONING

5001, 0081

APN/PARCEL ID

03-4108-009-1370

ASK ABOUT THIS PROPERTY

Landy ToledoMarcus & MillichapMore Info
786-522-7076

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Landy ToledoMarcus & MillichapMore Info
786-522-7076

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.