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34 Unit - Multifamily/Motel 4831 W Flagler St 34 Unit Apartment Building $7,500,000 ($220,588/Unit) Coral Gables, FL 33134
EXECUTIVE SUMMARY
Hotel and Apartment Assemblage Covered Land Play with Excellent Redevelopment Potential, in Flagami. Flagami is a central Miami working and bedroom and community that has great connectivity to surrounding neighborhoods such as Coral Gables, Little Havana, Fountainbleu and more; as well as populated by an endless list of thriving businesses and in proximity to major economic engines such as the airport and the soon-to-be-delivered 56 acre Mega-Development Freedom Park. This is an ideal location for housing Miami’s active middle workforce, and residents will be motivated to live in this centric and thriving neighborhood . Site features a 16 unit Hotel building, a triplex, and three 5 unit building, all situated on 38,676 SF lot zoned T5-L w/parking is prime for developers as a covered-land opportunity. SB120/Live Local density could be potentially over 400 units. In other words, the only density or height limitation on this property will be based on how efficiently you handle parking within the building envelope. Each room features a well- designed studio floor plan, providing consistency and ease of management. Investing in this area presents an extraordinary opportunity to capitalize on the remarkable surge of growth and development sweeping through the region. Reach out to us now to explore this remarkable property further and unlock the potential it holds for you.
PROPERTY FACTS
| Price | $7,500,000 | Building Class | C |
| Price Per Unit | $220,588 | Lot Size | 0.89 AC |
| Sale Type | Investment | Building Size | 38,676 SF |
| No. Units | 34 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1953 |
| Apartment Style | Garden | Parking Ratio | 0.88/1,000 SF |
| Zoning | T5-O - The development potential on this land is to develop 130 units by requesting a variance and change from T5-O to T6-O zoning. | ||
| Price | $7,500,000 |
| Price Per Unit | $220,588 |
| Sale Type | Investment |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 38,676 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | T5-O - The development potential on this land is to develop 130 units by requesting a variance and change from T5-O to T6-O zoning. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Refrigerator
SITE AMENITIES
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 34 | - | 275 - 576 |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $213,553 | |
| Land Assessment | $910,000 | Total Assessment | $2,822,348 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$910,000
Improvements Assessment
$213,553
Total Assessment
$2,822,348
CONTACTS
-
Mauricio Villasuso -
Carlos Fausto Miranda -
Fausto Commercial Realty Consultants
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34 Unit - Multifamily/Motel | 4831 W Flagler St
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