Casa Coral LLC
$2,650,000
36 Phoenetia Ave, Coral Gables, FL 33134
143,726
NOI
1926
Year Built
Details:
Highlights:
- Lot Features: City Location, In Residential Area
- Gross Income: 223340
- Cooling: Wall/Window Unit(s)
- Heating: Wall/Window Units
- Flooring: Concrete, Wood
- Construction Materials: CBS Construction
- Parking Features: On Street
- Security Features: Smoke Alarm
- Insurance Expense: 9148
Description:
Rare Investment Opportunity, Welcome to Casa Coral, the only legal STR in Coral Gables with a conditional use permit for Bed & Breakfast. An exceptional opportunity to acquire a beautifully maintained Spanish-style Villa in the heart of prestigious Coral Gables. 36 Phoenetia is a charming & fully operational 6 unit boutique property that offers Investors, Owner Operators, STR Operators, or Hospitality Groups seeking a unique footprint in the Gables a rare combination of character, stability & upside potential. Operating successfully for the past 4 years, the property has built a strong reputation w consistent repeat travelers & steady bookings, delivering a reliable income stream w a loyal customer base. The property features 6 Private Guest Suites w individual split unit A/C systems, separate water heaters, private full bathrooms & kitchenettes. The authentic Spanish Architecture brings a classic Coral Gables charm & the Boutique hospitality experience has that quaint, cozy "home-away-from-home atmosphere ideal for leisure travelers, medical visitors, business travelers & extended stays. With its welcoming residential feel, prime location & consistent operating history, this property presents a compelling blend of lifestyle, warm ambiance, equity value gains & income-producing real estate. Call today to negotiate this one of a kind gem.
Location
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