Commercial property in Coral Gables, Florida № 1420306
3
ID1420306
$ 4 000 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
Unique Business Opportunity for Investors! Beautiful apartment building for sale in the heart of Coral Gables, 7161 sqft consisting of 9 large studio's and 3 large one bedroom one-bathroom units remodeled, furnished, and decorated in impeccable style. This 3-story property has been updated throughout. 40-year building certification recently completed. The building is conveniently located between Flagler and 8th Street on Ponce De Leon Blvd and directly across from the trolley stop and public transportation. It has a peaceful courtyard with picnic area. Convenient coin operated washer and dryer on site that generates additional income to landlord. Buy today and start making money. Gross $271,200.00.MLS #: A11684578
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 | 64.65 |
| Restaurant Price Index | 81.35 |
| 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 | $ 72.50 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 10.00 |
| Domestic Beer (0.5 liter draught) | $ 5.00 |
| Imported Beer (0.33 liter bottle) | $ 9.00 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.50 |
| Water (0.33 liter bottle) | $ 1.99 |
| Cappuccino (regular) | $ 5.00 |
| Markets | |
| Milk (regular), (1 liter) | $ 0.87 |
| Loaf of Fresh White Bread (500g) | $ 3.17 |
| Eggs (regular) (12) | $ 3.99 |
| Local Cheese (1kg) | $ 12.29 |
| Water (1.5 liter bottle) | $ 1.23 |
| Bottle of Wine (Mid-Range) | $ 9.99 |
| Domestic Beer (0.5 liter bottle) | $ 2.11 |
| Imported Beer (0.33 liter bottle) | $ 4.36 |
| Cigarettes 20 Pack (Marlboro) | $ 6.56 |
| Apples (1kg) | $ 5.00 |
| Chicken Fillets (1kg) | $ 7.95 |
| Oranges (1kg) | $ 3.84 |
| Potato (1kg) | $ 2.95 |
| Lettuce (1 head) | $ 2.52 |
| Rice (white), (1kg) | $ 3.14 |
| Tomato (1kg) | $ 6.02 |
| Banana (1kg) | $ 2.03 |
| Onion (1kg) | $ 3.04 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 14.77 |
| 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 | $ 166.45 |
| 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 | 6.65 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 269.00 |
| Cinema, International Release, 1 Seat | $ 10.50 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 64.83 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 57.45 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 60.33 |
| 1 Pair of Men Leather Business Shoes | $ 108.33 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 925.00 |
| 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
Address444 Ponce De Leon Blvd, Coral Gables FL 33134
TypeCommercial property
Completion dateIV quarter, 1925
Price
- Price
- per m²
$ 4 000 000
- EUR €
- USD $
- RUB ₽
- GBP £
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