343-349 Madeira Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
343-349 Madeira Ave
4 Unit Block of Flats £3,380,554 (£845,138/Unit) 4.95% Net Initial Yield Coral Gables, FL 33134
Executive Summary
Now offered for sale by Compass Florida LLC. : Four modern, 2010 construction
townhouses in the heart of Coral Gables. Each of the four townhouses is currently
occupied at market rate rents, with well-qualified Tenants, all of which are on annual
leases. Rents have consistently held strong over the past 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.
Light value-add opportunity exists with a simple kitchen/bathroom vanity
modernization. Possibility to convert to condos and sell individually.
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.
townhouses in the heart of Coral Gables. Each of the four townhouses is currently
occupied at market rate rents, with well-qualified Tenants, all of which are on annual
leases. Rents have consistently held strong over the past 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.
Light value-add opportunity exists with a simple kitchen/bathroom vanity
modernization. Possibility to convert to condos and sell individually.
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.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £3,380,554 | Building Class | B |
| Price Per Unit | £845,138 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 13,636 SF |
| Net Initial Yield | 4.95% | Average Occupancy | 100% |
| No. Units | 4 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 2010 |
| Property Subtype | Apartment | Parking Ratio | 0.66/1,000 SF |
| Apartment Style | Low Rise |
| Price | £3,380,554 |
| Price Per Unit | £845,138 |
| Sale Type | Investment |
| Net Initial Yield | 4.95% |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 13,636 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built | 2010 |
| Parking Ratio | 0.66/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Granite Countertops
- Stainless Steel Appliances
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+3 | 4 | - | 2,257 |
1 of 1
Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 03-4108-005-0010 | Improvements Assessment | £1,414,098 |
| Land Assessment | £1,089,987 | Total Assessment | £2,504,085 |
PROPERTY TAXES
Parcel Number
03-4108-005-0010
Land Assessment
£1,089,987
Improvements Assessment
£1,414,098
Total Assessment
£2,504,085
zoning
| Zoning Code | A-15 |
| A-15 |
1 of 46
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
343-349 Madeira Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.