Description
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.
Location
Courtesy of: One Sotheby's International Realty MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 17th August, 2022 10:08 PM (UTC)
