Fausto is pleased to present this 17-unit multifamily that includes a 4-bedroom house with a separate 1-bedroom cottage in the back, sitting on 24,650 SF of MF2-zoned land across from Sofia Apartments and just steps from Miracle Mile. Solid tenant base and strong location generate $254K NOI with upside to $273K.
You're buying real income in Coral Gables—with zoning that allows up to 56 units by right if you decide to redevelop down the line.
Asking $6.995M. Land alone is worth ˜ $7.6M at $311/SF based on recent comps.