Commercial property in Coral Gables, Florida № 1401381
ID1401381
$ 2 800 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
6-Unit Investment Property opportunity. Four apartment 1/1 and two studios. Very sought-after location. Walking distance from Miracle Mile. Great opportunity for investors. Property offers a unique blend of potential and profitability. Also, Available for Sale 406 Valencia Ave Building right across, both buildings are being sold by the same owner. The property is located in a desirable area, ensuring consistent demand and competitive rental rates. Ready to take the next step in your investment journey? Call us today to learn more about this exceptional opportunity. We're here to help you make the best investment decision.MLS #: A11676489
Coral Gables - Statistics
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| Parameters | Coral Gables |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 3 097.50 |
| 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 | $ 10 037.35 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 12 378.50 |
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| Parameters | Coral Gables |
|---|---|
| Rent Index | 63.98 |
| Restaurant Price Index | 81.75 |
| Property Price to Income Ratio | 9.61 |
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| Parameters | Coral Gables |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 15.00 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 82.50 |
| 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) | $ 1.92 |
| 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 | $ 840.00 |
| 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
Address414 Valencia Ave, Coral Gables FL 33134
TypeCommercial property
Completion dateIV quarter, 1960
Parking places6
Price
- Price
- per m²
$ 2 800 000
- EUR €
- USD $
- RUB ₽
- GBP £
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