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1627 SW 37th Ave
Miami, FL 33145 Coral Way

$599,900 USD

Apartments Condo For Sale  •  1,107 SF

Property Details

  • Property Type Apartments
  • Total Building Size 149,712 SF
  • Lot Size 0.87 AC
  • Building Class B
  • Year Built 2004
  • Cap Rate 5.00 %
  • Zoning C-1
41 Transit Score
94 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit CU-1 Office 1,107 SF $599,900 USD
  • Unit Size: 1,107 SF
  • Condo Use: Office
  • Price: $599,900 USD
  • Sale Type: Investment
  • Price/SF: $541.92 USD
Description
Prime office condo with over 1,100 SF on Douglas Rd (SW 37 Ave, east side) near SW 16 St. Mint condition interior with a spacious private restroom and a secure storage/coat closet. Bright, efficient layout ideal for professional/medical/creative uses. Central A/C, low operating costs, and well-kept common areas. Currently leased to an excellent tenant delivering immediate income and a hassle-free hold. Offered at an attractive 5% CAP rate with annual increases, ensuring consistent upside for investors. High visibility and easy access to Coral Gables, Brickell, Airport, and major corridors. Solid performer for investors seeking stable cash flow in a blue-chip location!

Sale Notes
PRIME LOCATION
GREAT RETURN WITH 5% ANNUAL INCREASE
LOW MANAGEMENT FEE

Description 

Prime office condo with over 1,100 SF on Douglas Rd (SW 37 Ave, east side) near SW 16 St. Mint condition interior with a spacious private restroom and a secure storage/coat closet. Bright, efficient layout ideal for professional/medical/creative uses. Central A/C, low operating costs, and well-kept common areas. Currently leased to an excellent tenant delivering immediate income and a hassle-free hold. Offered at an attractive 5% CAP rate with annual increases, ensuring consistent upside for investors. High visibility and easy access to Coral Gables, Brickell, Airport, and major corridors. Solid performer for investors seeking stable cash flow in a blue-chip location!

Highlights

EXCELLENT LOCATION
5% ANNUAL INCREASE
EASY TO MANAGED

Financial Summary

Cap Rate: 5.00 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Gables View Condominium Association
MJ Estates Inc
Synergy Homecare
Tommy's Moving & Storage

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Cable Ready
  • Clubhouse
  • Concierge
  • Courtyard
  • Fitness Center
  • Pool
  • Doorman
  • Kitchen
  • Tub/Shower
  • Conference Rooms
  • Elevator
  • Built-In Bookshelves
  • Office
  • Wheelchair Accessible (Rooms)
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Douglas Road (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 4 min - 1.6 mi
Coconut Grove (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 5 min - 2.2 mi
AirportDriveWalkDistance
Miami International 19 min - 8.8 mi
Fort Lauderdale/Hollywood International 39 min - 27.4 mi
Mauricio Jalil 305-984-8693 MJ Estates Inc
Mauricio Jalil 305-984-8693 MJ Estates Inc