Listing Summary
Secure a rare boutique multifamily asset located at 114 Menores Avenue in Coral Gables' Douglas Section. Featuring eight fully leased, efficient one-bedroom, one-bathroom residences, this approx. 1925 asset combines historic character with modern renovations and has already cleared its 40-Year Structural Recertification through 2035, offering immediate in-place income and long-term scarcity value steps from Miracle Mile.
Full Description
Discover an exceptional multifamily investment opportunity at 114 Menores Avenue, situated on a quiet residential block in Coral Gables’ premier Douglas Section. Positioned just steps from Douglas Road and a short walk to Publix and the vibrant shops and dining along Miracle Mile, this property offers an intimate, eight-unit apartment residence in one of Miami-Dade’s most land-constrained and enduring submarkets. Originally built in 1925 and thoughtfully renovated in 2020, the building successfully blends classic Coral Gables architecture with contemporary updates, including in-unit washers and dryers, upgraded PVC plumbing, modern electrical systems, motion-sensor LED hallway lighting, and secure building entry. Crucially, the asset has already completed its 40-Year Structural and Electrical Recertification with the City of Coral Gables, valid through 2035, removing a major capital milestone for incoming owners. Comprising eight well-proportioned one-bedroom, one-bathroom units with staggered lease expirations, the property delivers stable current income alongside clear upside potential as rents roll to market. Located minutes from Coral Gables Hospital and the University of Miami, 114 Menores delivers a turnkey, high-defensibility investment in a prime South Florida location.
Quick Glance
- Listing ID:
CL-Florida-28675
- Status:
Active
- Year Build:
1925
- Building Size:
6,432 SqFt
- Lot Size:
8,250.00 SqFt
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Additional Contacts
Coral Gables Multifamily
Christopher Canizares
(786) 862-8247
Owner
Carlos Fausto Miranda
(305) 431-2258