8 Unit Apartment Building near Coral Gables
324 Mendoza Avenue, Miami, Florida 33134
| Building Size | 5,124 Square Feet |
| Land Size | 5,000 Square Feet |
| Units | 8 |
| Zoning | Residential |
| Parking | Street |
| Water | Miami-Dade Water & Sewer |
| Sewer | Miami-Dade Water & Sewer |
| Electric | Separately Metered - FPL |
| Year Built | 1926 |
| Roof | Flat |
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.
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Office Phone: (305) 270-0710Mobile: (305) 270-0710
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.