Now offered for sale by Compass Florida LLC. : Four modern, 2010 construction
townhouses in the heart of Coral Gables. Each of the four townhouses is currently
occupied at market rate rents, with well-qualified Tenants, all of which are on annual
leases. Rents have consistently held strong over the past several years, while Tenant
turnover has remained minimal.
Given the nature of the construction and simple maintenance that is occasionally
required, this property is able to be self-managed, allowing for profitability to be
maximized.
Light value-add opportunity exists with a simple kitchen/bathroom vanity
modernization. Possibility to convert to condos and sell individually.
As Coral Gables continues to draw the attention of quality residents from companies
such as Apple and FIFA, don’t miss out on this opportunity to invest in one of the hottest
cities in the US.
The following repairs have been made recently:
- The roof was replaced in February 2023.
- Two of the Four ACs replaced within the past several months.
Additional repairs include:
- Replacement of Washer/Dryer - 345( February 2024)
- Replacement of Dishwasher- 347 (June 2023), 345 (July 2024), 349 (November 2024)
- Replacement of oven- 345 (January 2024)
- New Blinds- 343, 345, 349