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Key Details
Sold Price $2,857,263
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,772 sqft
Price per Sqft $421
MLS Listing ID A11489075
Sold Date 05/15/24
HOA Y/N No
Year Built 1959
Annual Tax Amount $24,212
Tax Year 2023
Contingent No Contingencies
Lot Size 10,000 Sqft
Property Description
ONE OF A KIND BUILDING FOR SALE! Presenting a unique 2-story, 8-unit property situated in the esteemed city of Coral Gables, prominently located on the sought-after street of Edgewater Drive in PRIME LOCATION! Comprising four 1-bedroom/1-bathroom units & four 2-bedroom/2-bathroom units, this apartment building offers an outstanding development opportunity for any investor. Buildings like this don't come around often. Income in place while developing plans. Rents below market. Room for rent increase. This building enables an investor to acquire a stabilized, turn-key operation of a well-maintained apartment building in a high-barrier-to-entry Coral Gables Market. PLEASE DO NOT DISTURB TENANTS!
Location
State FL
County Miami-dade County
Area 41
Interior
Heating Window Unit, Wall Furnace
Cooling Wall/Window Unit(s)
Window Features Impact Glass
Exterior
Exterior Feature Security/High Impact Doors
Waterfront No
Parking Type Assigned, On Street
Building
Story 2
Sewer Other
Water Public
Level or Stories Two
Others
Tax ID 03-41-29-041-0150
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with House Done
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