Rare Coral Gables fourplex with two paths to value. Hold it as a stabilized income-producing asset, or convert it to a single-family estate in one of the Gables’ most sought-after residential pockets. 5,640 SF lot on a tree-lined street, minutes from Miracle Mile, Downtown Coral Gables, the University of Miami,… Read More and Merrick Park. Four separate units 2-Bedroom / 1- Bath, Fully leased for a year. The Gables’ strict single-family premiums, limited supply, and lasting demand make this one of the few chances to buy here with an income cushion while you plan the conversion. Buyer to verify zoning, permitting, and conversion feasibility with the City of Coral Gables. Tenant-occupied; showings by appointment with notice. Rent roll and OM available on request. PMG and Maddux & Co. are pleased to present 23 Majorca Avenue, a beautifully appointed four-unit free-standing building positioned just steps from the Miracle Mile / Giralda Avenue corridor in the heart of Coral Gables. The property offers a rare opportunity to acquire a fully occupied fourplex with charming curb-appeal, functional layouts, and value-add potential in one of South Florida's most desirable submarkets, where new multifamily construction is virtually nonexistent due to zoning and land constraints.Hold it as a stabilized income-producing asset, or convert it to a single-family estate in one of the Gables’ most sought-after residential pockets. 5,640 SF lot on a tree-lined street, minutes from Miracle Mile, Downtown Coral Gables, the University of Miami, and Merrick Park. Four separate units 2-Bedroom / 1- Bath, Fully leased for a year. The Gables’ strict single-family premiums, limited supply, and lasting demand make this one of the few chances to buy here with an income cushion while you plan the conversion. Buyer to verify zoning, permitting, and conversion feasibility with the City of Coral Gables. Tenant-occupied; showings by appointment with notice. Rent roll and OM available on request. Read Less
Courtesy of Maddux & Company 305-264-9661
Listing Snapshot
Days Online
0
Last Updated
Property Type
Single Family Residence
Beds
8
Full Baths
4
Square Ft.
4,200
Lot Size
0.13 Acres
Year Built
1949
MLS Number
A12103363
30 Days Snapshot Of 33134
$1.04M
0%
(avg) sold price
0
-100%
homes sold
115
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1949, Living area: 4200, Construction materials: Stucco, Toal building area: 4200
Cooling
Central Air
Floors
Wood
Heating
Central
Lot
0.13 acres
Parking
On Street
Property
Zoning: 3801
Roof
Barrel
Sewer
Public Sewer
Taxes
Annual amount: $21,045
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