343-349 Madeira Ave - Apartments FOR SALE


Coral Gables, FL 33134
$4,200,000 USD
305-851-2820
343-349 Madeira Ave, Coral Gables, FL for Sale
$4,200,000 USD
Apartments - FOR SALE
1/45
null | 4.95% Cap Rate

343-349 Madeira Ave
Coral Gables, FL 33134


OVERVIEW

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

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$308 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,050,000

CAP RATE

4.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2010

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

A-15

APN/PARCEL ID

03-4108-005-0010

ASK ABOUT THIS PROPERTY

Charles CelesiaCompass CommercialMore Info
305-851-2820

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

Charles CelesiaCompass CommercialMore Info
305-851-2820

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