Avalon Sub

Highlights:

• Lot Features: Oversized Lot
• Documents Available: Rent Rolls
• Architectural Style: Attached
• Cooling: Ceiling Fan(s), Central Air, Electric
• Heating: Central, Electric
• Flooring: Ceramic Floor, Terrazzo
• Construction Materials: Concrete Block Construction, Stone

Description:

Trophy income asset available on the highly coveted Silver Bluff / Coral Gables / Coconut Grove border. This exceptional property provides an incredible, low-maintenance stream, uniquely configured into four high-yielding residential layout spaces: a large 3BR/1BA, a spacious 2BR/1BA and two highly rentable 1BR/1BA units. Generating in-place gross income of $6,300/month on stable, highly flexible month-to-month terms, this asset sits on a clear path to scale to a $10,000/month market-rate proforma Blueprint ($120,000/yr) via cosmetic updates and utility tenant pass-backs.
Features a flawless municipal footprint: the front structure captures classic 1924 architectural character, while the substantial rear expansion was legally permitted and added in 1984, with all square footage officially documented on the county property appraiser sketch
PA PRIMARY ZONE: 5700 DUPLEXES - GENERAL: Solid underlying multifamily zoning protects your asset value and ensures smooth transaction underwriting.
NEWER ROOF: Premium roof replaced just 3 years ago (approx. 2023), significantly dropping windstorm insurance overhead costs in South Florida.
MONTH-TO-MONTH TURNOVER CAPACITY: Perfect for a 1031 Exchange investor.
SUPREME TRANSIT INTERSECT: Located blocks from Coconut Grove, Douglas Park, US-1, and the Douglas Rd Metrorail station, connecting your occupants to Brickell and Downtown Miami in minutes.

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Listing ID: A12072468