Douglas Manor
$575,000
Coral Gables, FL 33134
952 sqft
Building Size
3
Units
Details:
Highlights:
- Lot Features: Less Than 1/4 Acre Lot
- Documents Available: None
- Architectural Style: Detached
- Cooling: Wall/Window Unit(s)
- Heating: Electric
- Flooring: Tile, Vinyl, Wood
- Construction Materials: Brick Veneer, Frame, Frame With Stucco, Other
Description:
Location, Location, Location! This unique, two-story Spanish-style home operating as a triplex is located within walking distance of Coral Gables, offering easy access to the shopping, dining, and entertainment of Miracle Mile and Coral Way with clear title offered. This income-producing asset features a 3/1 unit on the upper level, a 2/1 unit on the lower level, and a front efficiency, currently generating $6,000 in monthly rental income. The property is rental-ready and features a 4-year-old roof. All tenants are currently on a month-to-month basis and are open to staying, though they can vacate with 30 days' notice. Situated just blocks from Coral Gables Hospital and major medical centers, this property offers incredible potential for a savvy investor to get a 10% NET CAP RATE on their money. Please do not disturb the occupants; all inspections must be scheduled through our office—this opportunity will not last!
Location
Gallery
