Coral Gables Multifamily Investment Duplex 401 Malaga Ave 2 Unit Apartment Building $1,788,800 ($894,400/Unit) Coral Gables, FL 33134

Multifamily investment opportunity at 401-405 Malaga Avenue in the prestigious Coral Gables Biltmore neighborhood. This well-maintained duplex, built in 1953, features two spacious units: a 3-bedroom, 3-bathroom and a 2-bedroom, 2-bathroom, offering a total of 5 bedrooms and 5 bathrooms. Situated on an 11,000-square-foot corner lot, the property provides ample parking for up to 8 vehicles and includes conceptual plans for redevelopment into townhomes or 4 multifamily units. With its solid concrete block construction and barrel tile roof, this property offers both immediate rental income potential and significant redevelopment upside.
Located just a short walk from the vibrant Miracle Mile, residents enjoy easy access to a plethora of shopping, dining, and entertainment options. The property's prime location offers excellent connectivity to major thoroughfares, including Le Jeune Road and U.S. Route 1, facilitating convenient commutes throughout the Miami metropolitan area. Proximity to esteemed educational institutions such as Coral Gables Preparatory Academy and Coral Gables Senior High School further enhances its appeal to tenants and investors alike.