Description
Incredible investment opportunity in high barrier to entry Coral Gables submarket. “The City Beautiful” as it’s known, has limited multifamily inventory. This portfolio is comprised of 2 corner lot buildings, including 1302 Douglas Rd, located 2 blocks North of 1410 (PID #03-4108-009-2980) having 12 and 6 units respectively (18 total) and a combined 19,690 SF of land. A steady tenant base and a waitlist of future tenants keep the properties fully occupied, while strong capital improvements keep future CapEx and turnover low. 40 yr up to date, impact windows, updated kitchens, baths, and flooring in most units. Inquire within for further information on the offering. Pricing and unit count is for Both Buildings combined, or $4.1M for 1410 & $2.1M for 1302 S Douglas Rd.
