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36 Phoenetia Ave 6 Unit Apartment Building $2,650,000 ($441,667/Unit) 5.20% Cap Rate Coral Gables, FL 33134
Investment Highlights
- Beautiful Spanish Style Architecture, Located in Coral Gables, Unique Spaces for Vacation Rental, Volume Ceilings for spacious feel, Lots of nature.
- Turnkey & Proven Operation- Fully furnished, 2-structure property operating 4+ years with strong repeat clientele.
- Seller Financing Available- High-potential multi-family investment with seller incentives for qualified buyers.
- Only Legal STR in Coral Gables - Extremely rare 6-unit villa with an active, licensed Bed & Breakfast permit.
- Prime Walkable Location- Steps from Miracle Mile, top restaurants, lounges, and luxury shops in Miami-Dade.
Executive Summary
Rare Investment Opportunity, Only Legal STR in Coral Gables! Welcome to Casa Coral, the only legal STR in Coral Gables with a conditional use permit for Bed & Breakfast. This fully licensed 6-unit Spanish-style villa is just minutes from Miracle Mile, restaurants, lounges and shops. Turnkey 2-story property with 2 separate structures, operating 4+ years with strong repeat clientele. Main house has three 1-bed/1-bath suites; guesthouse has three open-plan suites plus laundry with new washer/dryer. All units feature en suite baths, mini-split AC, and kitchenettes. Enjoy generous outdoor space to create a lush guest oasis. Prime walkable neighborhood location. A true blend of historical charm and opportunity. Seller financing and incentives available!
Property Facts
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- Microwave
- Ceiling Fans
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Yard
- Grill
- Breakfast Nook
- Built-In Bookshelves
- Coffee System
- Family Room
- Garden
- Handrails
- Lawn
- Patio
- Porch
- Smoke Free
- Window Coverings
Site Amenities
- Gated
- Furnished Units Available
- Zen Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 3 | - | - |
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Exceptionally walkable
90/100
Somewhat drivable
30/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-4108-009-1880 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,716,748 |
Property Taxes
Parcel Number
03-4108-009-1880
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,716,748
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36 Phoenetia Ave