300 Majorca Ave - Apartments FOR SALE


Coral Gables, FL 33134- Coral Gables Section
$12,750,000 USD
786-522-7076
300 Majorca Ave, Coral Gables, FL for Sale
$12,750,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

300 Majorca Ave
Coral Gables, FL 33134
Coral Gables Section


HIGHLIGHTS

  • 17 Units Originally Constructed as Condos
  • Unit Mix: 2 Townhouses (2Br/2.5Ba) + 15 - 2 Bedroom / 2 Bath units
  • Large Units with Terraces ranging in size from 1,400 SF - 1,900 SF
  • Amenities Include: Fitness Center, Outdoor Grilling Terrace, Covered Parking Onsite
  • Walking Distance to Coral Gables CBD & Shops and Restaurants District
  • 2009 Construction

OVERVIEW

Marcus & Millichap is proud to offer for sale 300 Majorca Avenue, a very rare opportunity to acquire one of the few "boutique" multifamily rental buildings in Coral Gables. 300 Majorca is a 17-unit apartment building which was completed in 2009, designed by the renowned Coral Gables architectural firm Bellin & Pratt. The building has a mix of two townhouses and 15 two-bedroom/two-bathroom apartments. Building amenities include under-cover parking, a fitness center, courtyard fountains, lush landscaping, and an outdoor barbecue terrace on the 4th floor.

FOR SALE DETAILS

PRICE

$12,750,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

17

PRICE/UNIT

$750,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2009

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

A-15

APN/PARCEL ID

03-4108-006-0550

ASK ABOUT THIS PROPERTY

Landy ToledoMarcus & MillichapMore Info
786-522-7076

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Landy ToledoMarcus & MillichapMore Info
786-522-7076

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