Coral Gables Multi-Family
1401 Southwest 42nd Avenue, Miami, FL
$1,200,000
Price
4%
Pro Forma Cap Rate
2,986 sqft
Building Size
Overview
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
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1401SW42AVELLC-OM.pdf
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