Investment Overview

Marcus & Millichap is pleased to offer for sale Gables Galiano located at 1091 Galiano Street in Coral Gables, Florida. This property comprises 27 luxury residential units with a diverse mix of spacious floorplans. This includes eight three-bedroom three-bath units, eight three-bedroom two-bath units, eight two-bedroom two-bath units, and three two-bedroom two-and-a-halfbath townhomes. Each unit offers an average of 1,395 square feet of fully air-conditioned living space. The modern mid-rise construction features floors three through six with ceiling heights of 9 feet 3 inches, while the townhomes showcase impressive 13-foot ceilings, creating an open and airy atmosphere. Every unit includes at least one large private terrace, enhancing the overall living experience. Residents can enjoy a wide range of desirable amenities, including a resort-style pool, an outdoor barbecue area, climate-controlled common areas, and secure bicycle storage. The property also features a gated parking garage with 56 spaces and two elevators for added convenience and security. Currently, in-place rents average $3.17 per square foot, which is below the market rate for comparable Class A properties in the area. This presents a significant opportunity for income growth through strategic rent adjustments. With its strong physical attributes, generous unit sizes, and substantial upside potential, this property offers an exceptional investment opportunity for buyers seeking both immediate and long-term returns in a supply-constrained rental market.