Unique opportunity to own this 12 unit building in Coral Gables Florida consisting of 9 large studios and 3 large one bedroom one-bathroom units. Rents have been historically low and range from $1,450-$1,800 in an area that commands market rents of $1,850-$2,200 per month. Great income producer with incredible future upside, and with value add opportunity. The building is conveniently located between Flagler and 8th Street on historic Ponce De Leon Blvd & directly across from the trolley stop / public transportation. Key entry and completely gated building, Peaceful court yard with a picnic area. Convenient coin operated washer and dryer on site that generates additional income to landlord. Public park and playground located within one block of the building.
- Address 444 Ponce De Leon Blvd
- City Coral Gables
- County Miami-Dade County
- Zip 33134
- Price $2,600,000
- Status Closed
- Subdivision
- Pets Allowed No
- MLS® # A11354946
- Property Type Commercial Sale
- Property Sub TypeMulti Family
- Status Closed
- Square Feet
- Year Built 1925
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $28,383
- Tax Year 2022