114 Antilla Ave
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114 Antilla Ave
8 Unit Apartment Building $2,480,000 ($310,000/Unit) 7.70% Cap Rate Miami, FL 33134
Investment Highlights
- In the middle of Downtown, Coral Gables.
- Close proximity to major retailers like Barnes & Nobles and Publix.
- Within minutes of Marriot hotel close proximity.
- Great location.
Executive Summary
LOCATION, LOCATION, INVESTORS WELCOME COMPLETELY REMODELED 8 APARTMENT BUILDING AND THE BEST PRICE IN CORAL GABLES NEAR PONCE DE LEON, LUXURIOUS RESTAURANTS AND THE CORAL GABLES BUSINESS AREA
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$201,600
|
$35.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$201,600
|
$35.48
|
| Taxes |
$20,258
|
$3.57
|
| Operating Expenses |
$15,320
|
$2.70
|
| Total Expenses |
$35,578
|
$6.26
|
| Net Operating Income |
$166,022
|
$29.22
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $201,600 |
| Annual Per SF | $35.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $201,600 |
| Annual Per SF | $35.48 |
| Taxes | |
|---|---|
| Annual | $20,258 |
| Annual Per SF | $3.57 |
| Operating Expenses | |
|---|---|
| Annual | $15,320 |
| Annual Per SF | $2.70 |
| Total Expenses | |
|---|---|
| Annual | $35,578 |
| Annual Per SF | $6.26 |
| Net Operating Income | |
|---|---|
| Annual | $166,022 |
| Annual Per SF | $29.22 |
Property Facts
| Price | $2,480,000 | Apartment Style | Low Rise |
| Price Per Unit | $310,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 7.70% | Building Size | 5,682 SF |
| Sale Conditions | Building in Shell Condition | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Price | $2,480,000 |
| Price Per Unit | $310,000 |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| Sale Conditions | Building in Shell Condition |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,682 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1926 |
| Parking Ratio | 1.41/1,000 SF |
Unit Amenities
- Kitchen
- Hardwood Floors
- Oven
- Tub/Shower
- Dining Room
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,300 | - |
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Walk Score ®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 03-4108-009-2250 | Total Assessment | $1,100,664 |
| Land Assessment | $0 | Annual Taxes | $20,258 ($3.57/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03-4108-009-2250
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,100,664
Annual Taxes
$20,258 ($3.57/SF)
Tax Year
2024
zoning
| Zoning Code | A-13 (Multifamily Medium Density) |
| A-13 (Multifamily Medium Density) |
-
Carlos Diaz -
Yaffe International Realty
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114 Antilla Ave
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