1410 Douglas Rd ,Residential-multi-family for Sale & Rent

1410 Douglas Rd for Sale & Rent

Price $6,300,000.00

• Lot size 13090
• Year Build 1958
• Waterfront
• Zip 33134
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Incredible investment opportunity in high barrier to entry Coral Gables submarket. "The City Beautiful" as it's known, has limited multifamily inventory. This portfolio is comprised of 2 corner lot buildings, including 1302 Douglas Rd, located 2 blocks North of 1410 (PID #03-4108-009-2980) having 12 and 6 units respectively (18 total) and a combined 19,690 SF of land. A steady tenant base and a waitlist of future tenants keep the properties fully occupied, while strong capital improvements keep future CapEx and turnover low. 40 yr up to date, impact windows, updated kitchens, baths, and flooring in most units. Inquire within for further information on the offering. Pricing and unit count is for Both Buildings combined, or $4.1M for 1410 & $2.1M for 1302 S Douglas Rd.

Zoning MF2, would allow up to 40 units/acre and max height of 70' or 7 stories for 1410, and 45' or 3 stories on 1302. All info deemed accurate but not guaranteed, no commissions until title passes.

8 54 41 CORAL GABLES DOUGLAS SEC PB 25-69 LOTS 13 & 14 BLK 31 LOT SIZE 110.000 X 119

Corner Lot

Incredible investment opportunity in high barrier to entry Coral Gables submarket. "The City Beautiful" as it's known, has limited multifamily inventory. This portfolio is comprised of 2 corner lot buildings, including 1302 Douglas Rd, located 2 blocks North of 1410 (PID #03-4108-009-2980) having 12 and 6 units respectively (18 total) and a combined 19,690 SF of land. A steady tenant base and a waitlist of future tenants keep the properties fully occupied, while strong capital improvements keep future CapEx and turnover low. 40 yr up to date, impact windows, updated kitchens, baths, and flooring in most units. Inquire within for further information on the offering. Pricing and unit count is for Both Buildings combined, or $4.1M for 1410 & $2.1M for 1302 S Douglas Rd.

City:Coral Gables,Zoning:5001,List A O R:A-Miami Association of REALTORS,Tax Year:2022,Flooring:1:Terrazzo,2:Vinyl,Latitude:25.7585498,Cooling Y N:1,Heating Y N:1,Lease Term:Month To Month,List Price:6300000,Listing Id:A11420041,Longitude:-80.2550936,Mls Status:Active,Year Built:1958,Inclusions:Building & Land,Postal Code:33134,Street Name:Douglas Rd,Coordinates:1:25.7585498,Photos Count:57,Days On Market:2,Listing Terms:1:Conventional/Refinance,Lot Size Acres:0.45,Lot Size Units:Square Feet,On Market Date:2023-07-15,Parcel Number:03-41-08-009-3130,Parking Total:18,Property Type:Commercial Sale,Street Number:1410,Public Remarks:Incredible investment opportunity in high barrier to entry Coral Gables submarket. "The City Beautiful" as it's known, has limited multifamily inventory. This portfolio is comprised of 2 corner lot buildings, including 1302 Douglas Rd, located 2 blocks North of 1410 (PID #03-4108-009-2980) having 12 and 6 units respectively (18 total) and a combined 19,690 SF of land. A steady tenant base and a waitlist of future tenants keep the properties fully occupied, while strong capital improvements keep future CapEx and turnover low. 40 yr up to date, impact windows, updated kitchens, baths, and flooring in most units. Inquire within for further information on the offering. Pricing and unit count is for Both Buildings combined, or $4.1M for 1410 & $2.1M for 1302 S Douglas Rd.,County Or Parish:Miami-Dade County,Expiration Date:2024-01-15,List Office Name:Compass Florida, LLC,Private Remarks:Zoning MF2, would allow up to 40 units/acre and max height of 70' or 7 stories for 1410, and 45' or 3 stories on 1302. All info deemed accurate but not guaranteed, no commissions until title passes.,Standard Status:Active,Window Features:1:Partial Impact Glass,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4144,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:S,Tax Annual Amount:29249,Unparsed Address:1410 S Douglas Rd, Coral Gables FL 33134,Listing Agreement:Exclusive Right To Sell,Road Frontage Type:1:Other Road Frontage,Year Built Details:Resale,Building Area Total:8764,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:13090,Original List Price:6300000,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks:Incredible investment opportunity in high barrier to entry Coral Gables submarket. "The City Beautiful" as it's known, has limited multifamily inventory. This portfolio is comprised of 2 corner lot buildings, including 1302 Douglas Rd, located 2 blocks North of 1410 (PID #03-4108-009-2980) having 12 and 6 units respectively (18 total) and a combined 19,690 SF of land. A steady tenant base and a waitlist of future tenants keep the properties fully occupied, while strong capital improvements keep future CapEx and turnover low. 40 yr up to date, impact windows, updated kitchens, baths, and flooring in most units. Inquire within for further information on the offering. Pricing and unit count is for Both Buildings combined, or $4.1M for 1410 & $2.1M for 1302 S Douglas Rd.,Listing Contract Date:2023-07-15,Originating System I D:miamire,Showing Instructions:Call Listing Agent,Street Number Numeric:1410,Tax Legal Description:8 54 41 CORAL GABLES DOUGLAS SEC PB 25-69 LOTS 13 & 14 BLK 31 LOT SIZE 110.000 X 119,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:$1,Contract Status Change Date:2023-07-15,Internet Address Display Y N:1,Number Of Units In Community:18,Internet Consumer Comment Y N:1,Dual Variable Compensation Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,