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219-223 Antilla Ave

Coral Gables, FL 33134

$2,900,000

Apartments For Sale  •  6,624 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 6,624 Sq Ft
  • Lot Size 0.25 ac
  • Building Class C
  • Year Built 1963
  • Cap Rate 3.00 %
  • Zoning A
44 Transit Score
82 Walk Score

Description

Barzana Realty is pleased to offer for sale this Multifamily in prestigious Coral Gables.  Close proximity to world class shopping along Miracle Mile, Merrick Park, and restaurant district.  
The property consists of 11 one bedrooms and 1 two bedroom.  It's impeccably maintained and on average is 100% occupied with rents that are steadily increasing.  
Antilla is a solid investment with potential upside.  Property is zoned Multifamily 2 (MF2) which allows an increase in density as well as an array of permitted uses and structures.
Coral Gables is an elegantly laid out, pedestrian-friendly city with charming boutiques, fine-dining, architectural grandeur, and a high demand for executives and professionals. The growing but stable economy has created a real estate market in which prices are rising at a steady and sustainable rate.
Showings by appointment only.  Please do not disturb tenants.  OM available upon request.

Highlights

Great upside potential
Zoning MF2 (Multifamily 2 District)
12 parking spaces
on-site washer/dryer

Financial Summary (Actual)

Net Operating Income: $72,649 (2017)
Cap Rate: 3.00 %
Total Expenses: $87,670

Public Transportation

Commuter RailDriveWalkDistance
Miami Airport Commuter Rail (Tri-County Commuter) 12 min - 4.1 mi
Hialeah Market Commuter Rail (Tri-County Commuter) 13 min - 4.3 mi
AirportDriveWalkDistance
Miami International Airport 23 min - 8.2 mi
Fort Lauderdale–Hollywood International Airport 40 min - 27.8 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Carissa Barzana 305-301-9920 Barzana Realty
Carissa Barzana 305-301-9920 Barzana Realty