23 Majorca Ave - Apartments FOR SALE


Coral Gables, FL 33134- Coral Gables Section
$1,975,000 USD
305-807-9614
23 Majorca Ave, Coral Gables, FL for Sale
$1,975,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

23 Majorca Ave
Coral Gables, FL 33134
Coral Gables Section


HIGHLIGHTS

  • Located in the heart of Coral Gables
  • Attractive mix - all units 2-bedroom
  • Lush Green Exterior

OVERVIEW

PMG and Maddux & Co. are pleased to present 23 Majorca Avenue, a beautifully appointed four-unit free-standing building positioned just steps from the Miracle Mile / Giralda Avenue corridor in the heart of Coral Gables. The property offers a rare opportunity to acquire a fully occupied fourplex with charming curb-appeal, functional layouts, and value-add potential in one of South Florida's most desirable submarkets, where new multifamily construction is virtually nonexistent due to zoning and land constraints.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$470 USD /SF

# OF UNITS

4

PRICE/UNIT

$493,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

23 Majorca

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,640 SF

ZONING

MF-2

APN/PARCEL ID

03-4108-007-0350

ASK ABOUT THIS PROPERTY

Jesse CoxMaddux and CompanyMore Info
305-807-9614

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Jesse CoxMaddux and CompanyMore Info
305-807-9614

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