17 Unit Multifamily Coral Gables Multi-Family FOR SALE


Coral Gables, FL - Coral Gables Section
$6,995,000 USD
305-510-6627
, Coral Gables, FL for Sale
$6,995,000 USD
Multi-Family - FOR SALE
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17 Unit Multifamily Coral Gables
Coral Gables, FL
Coral Gables Section


OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Vicente RodriguezFausto Commercial Realty ConsultantsMore Info
305-510-6627

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Vicente RodriguezFausto Commercial Realty ConsultantsMore Info
305-510-6627

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