Overview

Description

Welcome to the Shenandoah Garden Apartments, located at 2360-2398 SW 22nd St! This property presents a unique opportunity for investors looking for residential and commercial real estate in the highly coveted Coral Way Submarket of Coral Gables. Spanning across two adjacent lots with a generous total area of 27,500 square feet, the Shenandoah Garden Apartments feature a combined built area of 20,213 square feet. Positioned along the bustling Coral Way, this property boasts an impressive 270 feet of frontage, providing excellent visibility and exposure. Comprised of four interconnected buildings, the Shenandoah Garden Apartments offer a total of 26 residential units. The unit mix includes 16 spacious two-bedroom units, 8 comfortable one-bedroom units, and 2 cozy studio units. With their thoughtful design and quality construction, these buildings provide residents with a welcoming and comfortable living environment. Investors will appreciate the potential for steady rental income and long-term appreciation in this attractive Coral Gables location. Whether you're seeking to expand your real estate portfolio or looking for a profitable investment opportunity, the Shenandoah Garden Apartments offer the perfect blend of residential and commercial potential. Don't miss out on this exciting opportunity to own a piece of prime real estate in Coral Gables. Contact us today to learn more about the Shenandoah Garden Apartments and schedule a private viewing.

This property presents a unique opportunity for investors looking for residential and commercial real estate in the highly coveted Coral Way Submarket of Coral Gables.This property presents a unique opportunity for investors looking for residential and commercial real estate in the highly coveted Coral Way Submarket of Coral Gables.

Highlights

• PROPERTY HIGHLIGHTS
• 26 existing multifamily units with enormous upside in rents.
• Long term tenants
• 93% occupancy
• Enclosed atrium
• 40 yr. recertification in hand
• Roof(s) 2017. NO LEAKS
• Seller financing option
• LOCATION HIGHLIGHTS
• This project is centrally located between Coral Gables and the Brickel area
• Possibility to upzone and redevelop.
• SITE DETAIL
• Number of units | 26
• Price Per Unit | $307,692
• Rentable Sqft | 20,213
• Land Size | 2 Lots Totaling 20,213

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