$1,150,000

Residential Income For Sale

515 Catalonia Ave Coral Gables FL 33134

Courtesy of: Engel & Voelkers

PROPERTY DETAILS

Property Type: Residential Income
Building Size 3,574sqft
Sub Type: Quadruplex
Price/Sqft: $322
Year Built: 1926

DESCRIPTION

Unique opportunity to own a 5-Unit Old Spanish building in the heart of Coral Gables. Units are in turnkey condition with fantastic Gables charm. 2, detached 2-story buildings with 5 separately metered apartments; Four 1 bed 1 bath and One 1 bed plus den/closet utilized as 2nd bedroom. Excellent Location short walk to Coral Gables Youth Center, Miracle Mile, Biltmore, Venetian Pool and Merrick Park.

Building is fully leased. Above market 5.1% Cap rate based on actual(current) Income & expense. $83,640 Gross Income, $24,903 Total Expenses and $58,737 NOI(See attached income/expense analysis). Passed 40 Year inspection in 2016.

PROPERTY FEATURES
MLS #: A10676497
For Sale
100 Days on market
Neighborhood: CORAL GABLES BILTMORE SEC, Coral Gables
Parking Spaces Included: 6
Status: Pending
Style: Fourplex
Year Built: 1926
Cooling: Central Air, Wall/Window Unit(s)
Flooring: Ceramic Tile, Hardwood, Parquet, Wood
Heating: Electric
Roof: Barrel, Composition
Virtual Tour Link: View Tour

MAP
515 Catalonia Ave Coral Gables, FL 33134
515 Catalonia Ave Coral Gables FL 33134

Courtesy of: Engel & Voelkers

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: 16th September, 2019 10:10 AM.

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