8 Unit Apartment Building near Coral Gables

This highly desirable 8 unit apartment building is located one block from the Coral Gables city limits. It consists of 8 1 bedroom/1 bath units averaging 432 SF per unit on 2 floors. Each unit has a separate electric meter. The building will require some capital improvements to bring it up to its full potential. With renovations, a cap rate of 5.25% is achievable.

This apartment building is located one block from LeJuene Road, 1 block from Ponce de Leon and 5 blocks north of Miracle Mile, close to offices, shopping and restaurants. It is 10 minutes from Miami International Airport and 20 minutes from Downtown and Brickell Avenue.