Back

1 of 33

2 of 33

3 of 33

4 of 33

5 of 33

6 of 33

7 of 33

8 of 33

9 of 33

10 of 33

11 of 33

12 of 33

13 of 33

14 of 33

15 of 33

16 of 33

17 of 33

18 of 33

19 of 33

20 of 33

21 of 33

22 of 33

23 of 33

24 of 33

25 of 33

26 of 33

27 of 33

28 of 33

29 of 33

30 of 33

31 of 33

32 of 33

33 of 33

320-324 Mendoza Ave
Miami, FL 33134 Granada

$4,960,000 USD

Apartments For Sale • 11,656 SF

Property Details

Property Type Apartments
Total Building Size 11,656 SF
Lot Size 0.21 AC
Building Class C
Year Built 1926
Zoning RU-3

0 Transit Score

85 Walk Score

                
                    Highlights
                
                                Two side-by-side 8-unit buildings create scale and operational efficiency. Located just outside Coral Gables municipality = lower real estate taxes
                            
                                16 large one-bedroom units—the most liquid and in-demand rental product
                            
                                One building fully gut renovated, the other substantially renovated. Compelling alternative to development given replacement cost and entitlement risk
                            
                                ~$309,000 stabilized NOI with mark-to-market rent upside
                            
                                ~6.2% stabilized cap rate in a premier Coral Gables submarket
                            
                                Turnkey asset with no deferred maintenance. Fully permitted and recertified through 2026

Property Flyers

Coral Gables Mendoza-MF

Public Transportation

Commuter Rail	Drive	Walk	Distance
Douglas Road (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover))	6 min	-	2.1 mi
Coconut Grove (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover))	7 min	-	2.7 mi
Airport	Drive	Walk	Distance
Miami International	18 min	-	7.8 mi
Fort Lauderdale/Hollywood International	41 min	-	27.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes

Carlos Fausto Miranda 305-431-2258 Fausto Commercial Realty Consultants

320-324 Mendoza Ave Miami, FL 33134 Granada