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$2,600,000
Unique opportunity to own this 12 unit building in coral gables florida consisting of 9 large studio's 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.Income/MultiFamily -
444 PONCE DE LEON BLVD, CORAL GABLES, FL 33134
Date Sold 06-26-2023
Sold Price$2,400,000 Asking Price$2,600,000
Share by:
- Lot size 5750sqft
- Taxes $28,383
- Year Built 1925
-
Days on market:
84 day(s) Original Price:
$2,600,000Tax Legal Description:
CORAL GABLES FLAGLER ST SEC PB 10-12 LOT 6 BLK 14 LOT SIZE 50.000 X 115 OR 23470-3741 05 2005 1Tax Year:
2022-
MLS:
A11354946 -
Property Type:
Income/MultiFamily -
Parking:
Free Parking On Street
Roof:
OtherCooling Description:
Wall/Window Unit(s)Floor Description:
TileSpecial Listing Conditions:
SaleLot Features:
In Residential Area