36 Phoenetia Ave - Apartments FOR SALE


Coral Gables, FL 33134- Douglas
$2,650,000 USD
954-450-2000
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.
  • Only Legal STR in Coral Gables - Extremely rare 6-unit villa with an active, licensed Bed & Breakfast permit.
  • Turnkey & Proven Operation- Fully furnished, 2-structure property operating 4+ years with strong repeat clientele.
  • Prime Walkable Location- Steps from Miracle Mile, top restaurants, lounges, and luxury shops in Miami-Dade.
  • Seller Financing Available- High-potential multi-family investment with seller incentives for qualified buyers.

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
954-450-2000

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Shevaun GandyUnited Realty Group, IncMore Info
954-450-2000

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