1,311 SqFt
1,311 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,311 sqft
Price per Sqft $751
MLS Listing ID A11934703
HOA Fees $1,337/mo
HOA Y/N Yes
Year Built 2005
Annual Tax Amount $9,858
Tax Year 2025
Lot Size 1,311 Sqft
Property Sub-Type Condominium
Property Description
This unit is "over-parked", featuring three assigned parking spaces city's strict requirements, providing a massive logistical advantage in this sub market. Furthermore, the building offers a competitive advantage that is nearly non existent in the area. COMPLIMENTARY VISITOR PARKING, ensuring a seamless and professional experience for clients and guests. Two Entrances, one in office lobby and on side office. For rent also. 2026 no assesments
Investment highlights:
*Location: The Corporate Hear of Coral Gables" Steps from Miracle Mile and Merrick Park)
*Financials:6.25% CAP Rate with stabilized income until early 2027
*Parking Alpha: 3 Surplus Assigned spaces PLUS Building-wide Free Visitor Parking
*Amenities Exclusive pool and Fitness Center access to Owners
*Size 1311 sq ft.
*Office rent 2026 $4,804.14 monthly
*Excess parking income 3 X $120.00
*Rent increase 5% annually starting 2027
*NOI (2026): $36,143 Projected NOI 2030 $43,948
*Cap Rate estimated 6.25%
Currently yielding a 6.25% CAP RATE, the property is stabilized with a reliable tenant in place through early 2026.
Investment highlights:
Location: The "Corporate Heart" of Coral Gables, Steps from Miracle Mile and Merrick Park
Location
State FL
County Miami-dade
Area 41
Interior
Heating Central
Cooling Central Air
Flooring Hardwood, Wood
Window Features Impact Glass
Exterior
Total Parking Spaces 5
Private Pool Yes
Building
Story 9
Water Public
Others
HOA Name Building
Tax ID 03-41-08-099-1560
Security Features Smoke Detector(s),Security Guard,Security Lights
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Corporate Listing
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11934703
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