2 multifamily buildings in Coral Gables. 214-218 Antiquera -2 one-story buildings totaling 6,080sq ft of 5 units each. This 10 unit building are located in Coral Gables FL just off Ponce De Leon Blvd. All units are large 1/1 and well kept with very little deferred maintenance. Rents have been historically low and range from $850-$1,200 in an area that commands market rents of $1,600-$1,700. Proforma rents can far exceed an NOI of $125,930 which provides an investor a healthy 5% CAP. The property is bounded by Douglas Road in the east, Salzedo Street in the west, Madeira Avenue in the south, and 8th Street in the north. Ponce de Leon Boulevard runs directly through the center of the neighborhood, touting an array of offices, restaurants, and cafes.
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