Coral Gables Multi-Family

1401 Southwest 42nd Avenue, Miami, FL

   SOLD!   

$1,200,000

Price

4%

Pro Forma Cap Rate

2,986 sqft

Building Size

Overview
Pro Forma Cap Rate
4%
Building Size
2,986 sqft
Lot Area
7,710 sqft
Occupancy
100%
Class
B
Units
4
Average Room Size
650 sqft
Year Built
1944
Zoning
Residential / Multi-Family
Floors
2
Year Last Renovated
2015
Description

One Sotheby's is proud to present 1401 SW 42nd Ave. A great 4 unit multi-family opportunity right on South LeJeune Road and 14th Street, with excellent
location and access to multiple Coral Gables and Miami-Dade transit options. All units are 1 bed / 1 bath averaging less than 650 SqFt with recently installed Central A/C units.
• This property is located in the "Little Gables" area of Miami a small enclave that borders Miami with Coral Gables. Current rents are dramatically below market rates ($1,000 each) and on month-to-month tenancy offering terrific upside potential. There is also the possibility to convert this Multifamily into an office like many of the properties along Lejune Rd.
Also available for sale: 119 & 127 Antiquera are comprised of a total of 16 total apartments with 16 on-site parking spaces offered for $4,100,000 & 218 Antiquera a 10-unit Building offered at $2,500,000.

Highlights
  • 1401 SW 42nd Ave is located in the highly desirable Miami suburb of Coral Gables, a prestigious area that is home to the University of Miami, a substantial employment base, many cultural and entertainment amenities and a rapidly growing residential population.
Documents
Title
1401SW42AVELLC-OM.pdf
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Location
Gallery