Commercial property in Coral Gables, Florida № 1007241
28
ID1007241
$ 2 800 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
Opportunity to acquire one of the best located 8-unit apartment buildings in Coral Gables. Steps from Ponce de Leon Blvd, this apartment building boasts lovely Mediterranean architectural details. Opportunities abound to value add and increase income by more than 35%. Several units have already been beautifully updated. All apts. are large one bedroom, one bath, w/formal living room & separate dining rooms. New faux hardwood floors .All units are corner apartments, light & bright. Investors can upgrade with new leases, increase income & enjoy the steady appreciation of this multifamily for years to come.MLS #: A11532923
Coral Gables - Statistics
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| Parameters | Coral Gables |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 2 995.00 |
| Apartment (1 bedroom) Outside of Centre | $ 2 030.00 |
| Apartment (3 bedrooms) in City Centre | $ 4 800.00 |
| Apartment (3 bedrooms) Outside of Centre | $ 3 495.00 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 11 463.56 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 12 378.50 |
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| Parameters | Coral Gables |
|---|---|
| Rent Index | 62.70 |
| Restaurant Price Index | 89.40 |
| Property Price to Income Ratio | 10.22 |
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| Parameters | Coral Gables |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 15.00 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 85.00 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 12.00 |
| Domestic Beer (0.5 liter draught) | $ 6.00 |
| Imported Beer (0.33 liter bottle) | $ 7.50 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.50 |
| Water (0.33 liter bottle) | $ 1.80 |
| Cappuccino (regular) | $ 5.00 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.19 |
| Loaf of Fresh White Bread (500g) | $ 4.15 |
| Eggs (regular) (12) | $ 3.99 |
| Local Cheese (1kg) | $ 19.50 |
| Water (1.5 liter bottle) | $ 1.23 |
| Bottle of Wine (Mid-Range) | $ 22.00 |
| Domestic Beer (0.5 liter bottle) | $ 1.73 |
| Imported Beer (0.33 liter bottle) | $ 3.25 |
| Cigarettes 20 Pack (Marlboro) | $ 6.50 |
| Apples (1kg) | $ 5.51 |
| Chicken Fillets (1kg) | $ 12.15 |
| Oranges (1kg) | $ 5.05 |
| Potato (1kg) | $ 3.37 |
| Lettuce (1 head) | $ 2.69 |
| Rice (white), (1kg) | $ 4.56 |
| Tomato (1kg) | $ 5.14 |
| Banana (1kg) | $ 1.57 |
| Onion (1kg) | $ 3.04 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 21.58 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.25 |
| Monthly Pass (Regular Price) | $ 112.50 |
| Gasoline (1 liter) | $ 0.78 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 18 230.00 |
| Taxi Start (Normal Tariff) | $ 2.95 |
| Taxi 1km (Normal Tariff) | $ 2.36 |
| Taxi 1hour Waiting (Normal Tariff) | $ 24.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 21 427.00 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 167.01 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 60.00 |
| $ 40.00 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 5 833.33 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.76 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 269.00 |
| Cinema, International Release, 1 Seat | $ 16.00 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 59.75 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 25.00 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 87.67 |
| 1 Pair of Men Leather Business Shoes | $ 103.33 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 450.00 |
| International Primary School, Yearly for 1 Child | $ 43 300.00 |
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
Contact the seller
CityCoral Gables
Address114 Antilla Ave, Coral Gables FL 33134
TypeCommercial property
Completion dateIV quarter, 1926
Parking typeOpen air
Price
- Price
- per m²
$ 2 800 000
- EUR €
- USD $
- RUB ₽
- GBP £
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