Categories
Apartments
About this property
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.
Property details
- Property Type
- Residential
- Building Type
- Freestanding
- Building Size
- 5,124 sqft
- Land Size
- 5,000 sqft
- Units
- 8
- Sewer
- Miami-Dade Water & Sewer
- Water
- Miami-Dade Water & Sewer
- Zoning
- Residential
- Electric
- Separately Metered - FPL
- Year Built
- 1926
- Roof
- Flat
- Parking
- Street
Location
- Address
-
324 Mendoza Avenue
Miami, Florida 33134