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Multifamily

130 Antiquera Ave

130 Antiquera Ave, Coral Gables, FL 33134

Listing Price: $4,090,000

Cap Rate
4.13%
Number of Units
12
GRM
11.55
Occupancy
97.0%
Price/Unit
$340,833
Price/Gross SF
$426.04
Gross SF
9,600

Investment Overview

EXECUTIVE SUMMARY

Marcus & Millichap, as exclusive listing broker, is pleased to offer for sale 130 Antiquera Avenue, a 12-unit apartment building located in Coral Gables, Florida. All the units are renovated featuring stainless steel appliances, impact windows and doors, central AC, new kitchen cabinets, security cameras, new light fixtures, spacious tile floor hallways, tall ceilings, an on-site laundry facility. The property has 11 two-bedroom/one-bathroom units and 1 one-bedroom/one-bathroom unit of approximately 800 square feet according to the tax record. The property has been historically 100 percent occupied. There is plenty of street parking available for all the tenants within a two-block radius. The pro and has been meticulously maintained.

LOCATION OVERVIEW

The city of Coral Gables was one of the first major planned communities and its planning was based on the popular early twentieth century City Beautiful Movement. The city has a total area of 37.2 square miles and it is bordered on the west by Red Road (West 57th Avenue), to the north by Tamiami Trail/ US Route 41 (Southwest 8th Street), to the east by Douglas Road (West 37th Avenue) and to the south by Charles Deering Estate. The city of Coral Gables is recognized by holding several of the wealthiest zip codes (33156, 33143, 33133 and 33146) and neighborhoods in the United States, such as Hammock Oaks, Old Cutler Bay, Gables Estates, Tahiti Beach, Snapper Creek and Lakes, Cocoplum and Gables by the Sea. Coral Gables is a pedestrian friendly destination. It has over 140 dining establishments and gourmet shops, and many notable international retailers. Moreover, it has its own financial district with multiple international companies, law firms and bank institutions. Among the largest employers in the city are The University of Miami, Baptist Hospital of Miami, Exxon Mobil, Odebrecht Construction, and American Airlines.

Investment Highlights

  • Renovates units featuring new kitchen cabinets, stainless steel appliances and electric kitchens.
  • Impact windows and doors,
  • Central AC units.
  • Spacious, tile floor hallways, and tall ceilings,
  • The proprety was recently tented and painted.

Exclusively Listed By

Multifamily

130 Antiquera Ave

Listing Price: $4,090,000

Cap Rate
4.13%
Number of Units
12
GRM
11.55
Occupancy
97.0%
Price/Unit
$340,833
Price/Gross SF
$426.04
Gross SF
9,600

Investment Highlights

  • Renovates units featuring new kitchen cabinets, stainless steel appliances and electric kitchens.
  • Impact windows and doors,
  • Central AC units.
  • Spacious, tile floor hallways, and tall ceilings,
  • The proprety was recently tented and painted.

Investment Overview

EXECUTIVE SUMMARY Marcus & Millichap, as exclusive listing broker, is pleased to offer for sale 130 Antiquera Avenue, a 12-unit apartment building located in Coral Gables, Florida. All the units are renovated featuring stainless steel appliances, impact windows and doors, central AC, new kitchen cabinets, security cameras, new light fixtures, spacious tile floor hallways, tall ceilings, an on-site laundry facility. The property has 11 two-bedroom/one-bathroom units and 1 one-bedroom/one-bathroom unit of approximately 800 square feet according to the tax record. The property has been historically 100 percent occupied. There is plenty of street parking available for all the tenants within a two-block radius. The pro and has been meticulously maintained. LOCATION OVERVIEW The city of Coral Gables was one of the first major planned communities and its planning was based on the popular early twentieth century City Beautiful Movement. The city has a total area of 37.2 square miles and it is bordered on the west by Red Road (West 57th Avenue), to the north by Tamiami Trail/ US Route 41 (Southwest 8th Street), to the east by Douglas Road (West 37th Avenue) and to the south by Charles Deering Estate. The city of Coral Gables is recognized by holding several of the wealthiest zip codes (33156, 33143, 33133 and 33146) and neighborhoods in the United States, such as Hammock Oaks, Old Cutler Bay, Gables Estates, Tahiti Beach, Snapper Creek and Lakes, Cocoplum and Gables by the Sea. Coral Gables is a pedestrian friendly destination. It has over 140 dining establishments and gourmet shops, and many notable international retailers. Moreover, it has its own financial district with multiple international companies, law firms and bank institutions. Among the largest employers in the city are The University of Miami, Baptist Hospital of Miami, Exxon Mobil, Odebrecht Construction, and American Airlines.

Exclusively Listed By

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