36 Phoenetia Ave - Apartments FOR SALE


Coral Gables, FL 33134- Douglas
$2,650,000 USD
305-244-2398
36 Phoenetia Ave, Coral Gables, FL for Sale
$2,650,000 USD
Apartments - FOR SALE
1/50
null | 5.2% Cap Rate

36 Phoenetia Ave
Coral Gables, FL 33134
Douglas


HIGHLIGHTS

  • Beautiful Spanish Style Architecture, Located in Coral Gables, Unique Spaces for Vacation Rental, Volume Ceilings for spacious feel, Lots of nature.

OVERVIEW

Rare Investment Opportunity, Only Legal STR in Coral Gables! Welcome to Casa Coral, the only legal STR in Coral Gables with a conditional use permit for Bed & Breakfast. This fully licensed 6-unit Spanish-style villa is just minutes from Miracle Mile, restaurants, lounges and shops. Turnkey 2-story property with 2 separate structures, operating 4+ years with strong repeat clientele. Main house has three 1-bed/1-bath suites; guesthouse has three open-plan suites plus laundry with new washer/dryer. All units feature en suite baths, mini-split AC, and kitchenettes. Enjoy generous outdoor space to create a lush guest oasis. Prime walkable neighborhood location. A true blend of historical charm and opportunity. Seller financing and incentives available!

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$693 USD /SF

# OF UNITS

6

PRICE/UNIT

$441,667

CAP RATE

5.2%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

RM

APN/PARCEL ID

03-4108-009-1880

ASK ABOUT THIS PROPERTY

Shevaun GandyUnited Realty Group, IncMore Info
305-244-2398

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Shevaun GandyUnited Realty Group, IncMore Info
305-244-2398

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