4831 W Flagler St - Apartments FOR SALE


Coral Gables, FL 33134
$7,500,000 USD
305-340-8901
4831 W Flagler St, Coral Gables, FL for Sale
$7,500,000 USD
Apartments - FOR SALE
1/81
null | Request Cap Rate

4831 W Flagler St
Coral Gables, FL 33134


OVERVIEW

Hotel and Apartment Assemblage Covered Land Play with Excellent Redevelopment Potential, in Flagami. Flagami is a central Miami working and bedroom and community that has great connectivity to surrounding neighborhoods such as Coral Gables, Little Havana, Fountainbleu and more; as well as populated by an endless list of thriving businesses and in proximity to major economic engines such as the airport and the soon-to-be-delivered 56 acre Mega-Development Freedom Park. This is an ideal location for housing Miami’s active middle workforce, and residents will be motivated to live in this centric and thriving neighborhood . Site features a 16 unit Hotel building, a triplex, and three 5 unit building, all situated on 38,676 SF lot zoned T5-L w/parking is prime for developers as a covered-land opportunity. SB120/Live Local density could be potentially over 400 units. In other words, the only density or height limitation on this property will be based on how efficiently you handle parking within the building envelope. Each room features a well- designed studio floor plan, providing consistency and ease of management. Investing in this area presents an extraordinary opportunity to capitalize on the remarkable surge of growth and development sweeping through the region. Reach out to us now to explore this remarkable property further and unlock the potential it holds for you.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

34

PRICE/UNIT

$220,588

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

34 Unit - Multifamily/Motel

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,676 SF

ZONING

T5-O

APN/PARCEL ID

01-4106-019-0010,01-4106-022-0040,01-4106-022-0050

ASK ABOUT THIS PROPERTY

Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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