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Key Details
Sold Price $4,200,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 13,636 sqft
Price per Sqft $308
Subdivision Coral Gables Sec K Rev
MLS Listing ID A11716209
Sold Date 03/19/25
Style Fourplex
HOA Y/N No
Year Built 2010
Annual Tax Amount $56,908
Tax Year 2024
Contingent No Contingencies
Property Sub-Type Quadruplex
Property Description
Four modern, 2010 built townhouses in the heart of Coral Gables w/rooftop & garages. Each townhouse is currently occupied at market rate rents to well-qualified Tenants, all annual leases. Rents have consistently held strong for several years while Tenant turnover has remained minimal. Given the nature of the construction and simple maintenance that is occasionally required, this property is able to be self-managed allowing for profitability to be maximized. As Coral Gables continues to draw the attention of quality residents from companies such as Apple and FIFA, don't miss out on this opportunity to invest in one of the hottest cities in the US. If desired, light value-add opportunity to increase rents or possibility to convert to condos exists. NOI = $208K+. P&L + rent roll available.
Location
State FL
County Miami-dade
Community Coral Gables Sec K Rev
Area 41
Interior
Heating Central
Cooling Central Air
Flooring Hardwood, Marble, Wood
Window Features Impact Glass
Exterior
Exterior Feature Balcony, Security/High Impact Doors
Pool None
Utilities Available Cable Available
Roof Type Other
Porch Balcony, Open
Total Parking Spaces 9
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 3
Sewer Public Sewer
Architectural Style Fourplex
Structure Type Block,Stucco
Others
Tax ID 03-41-08-005-0010
Acceptable Financing Cash
Listing Terms Cash
Financing Conventional
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Bought with Hibiscus Realty Group
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