61 Edgewater Dr ,Apartments for Sale

61 Edgewater Dr for Sale

Price $3,400,000.00

• Lot size 10000
• Year Build 1959
• Waterfront
• Zip 33133
• Style
• Parking Description Assigned, On Street
• Pool Yes
• Status Pending

Description

ONE OF A KIND BUILDING FOR SALE! Presenting a unique 2-story, 8-unit property situated in the esteemed city of Coral Gables, prominently located on the sought-after street of Edgewater Drive in PRIME LOCATION! Comprising four 1-bedroom/1-bathroom units & four 2-bedroom/2-bathroom units, this apartment building offers an outstanding development opportunity for any investor. Buildings like this don't come around often. Income in place while developing plans. Rents below market. Room for rent increase. This building enables an investor to acquire a stabilized, turn-key operation of a well-maintained apartment building in a high-barrier-to-entry Coral Gables Market. PLEASE DO NOT DISTURB TENANTS!

Apartments can be shown only when property is under contract. Please do not disturb tenants. You can schedule a showing to walk the property on the exterior portion of it. Great Development Opportunity. Room for rent increase. Upon request, rents and expenses can be sent to agents. Please submit POF with offer.

29-32 54 41 SUNRISE HARBOUR REV PL PB 65-22 LOT 15 BLK 1 LOT SIZE 10000 SQUARE FEET OR 17596-3051 0497 1 COC 22180-4542 03 2004 1

ONE OF A KIND BUILDING FOR SALE! Presenting a unique 2-story, 8-unit property situated in the esteemed city of Coral Gables, prominently located on the sought-after street of Edgewater Drive in PRIME LOCATION! Comprising four 1-bedroom/1-bathroom units & four 2-bedroom/2-bathroom units, this apartment building offers an outstanding development opportunity for any investor. Buildings like this don't come around often. Income in place while developing plans. Rents below market. Room for rent increase. This building enables an investor to acquire a stabilized, turn-key operation of a well-maintained apartment building in a high-barrier-to-entry Coral Gables Market. PLEASE DO NOT DISTURB TENANTS!

City:Coral Gables,Zoning:3803,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:25.707321,Cooling Y N:1,Heating Y N:1,List Price:3400000,Listing Id:A11489075,Longitude:-80.2545003,Mls Status:Pending,Year Built:1959,Inclusions:Building & Land,Postal Code:33133,Street Name:Edgewater Dr,Coordinates:1:25.707321,Photos Count:100,Days On Market:30,Listing Terms:1:Cash,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2023-11-20,Parcel Number:03-41-29-041-0150,Property Type:Commercial Sale,Stories Total:2,Street Number:61,Open Parking Y N:1,Public Remarks:ONE OF A KIND BUILDING FOR SALE! Presenting a unique 2-story, 8-unit property situated in the esteemed city of Coral Gables, prominently located on the sought-after street of Edgewater Drive in PRIME LOCATION! Comprising four 1-bedroom/1-bathroom units & four 2-bedroom/2-bathroom units, this apartment building offers an outstanding development opportunity for any investor. Buildings like this don't come around often. Income in place while developing plans. Rents below market. Room for rent increase. This building enables an investor to acquire a stabilized, turn-key operation of a well-maintained apartment building in a high-barrier-to-entry Coral Gables Market. PLEASE DO NOT DISTURB TENANTS!,County Or Parish:Miami-Dade County,List Office Name:One Sotheby's International Realty,Private Remarks:Apartments can be shown only when property is under contract. Please do not disturb tenants. You can schedule a showing to walk the property on the exterior portion of it. Great Development Opportunity. Room for rent increase. Upon request, rents and expenses can be sent to agents. Please submit POF with offer.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Parking Features:1:On Street,Postal Code Plus4:6956,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:24212,Unparsed Address:61 Edgewater Dr, Coral Gables FL 33133,Building Features:1:Laundry Facilities,Listing Agreement:Exclusive Right To Sell,Building Area Total:6772,Building Area Units:Square Feet,Lot Size Square Feet:10000,Number Of Buildings:1,Original List Price:3633000,Previous List Price:3633000,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks:ONE OF A KIND BUILDING FOR SALE! Presenting a unique 2-story, 8-unit property situated in the esteemed city of Coral Gables, prominently located on the sought-after street of Edgewater Drive in PRIME LOCATION! Comprising four 1-bedroom/1-bathroom units & four 2-bedroom/2-bathroom units, this apartment building offers an outstanding development opportunity for any investor. Buildings like this don't come around often. Income in place while developing plans. Rents below market. Room for rent increase. This building enables an investor to acquire a stabilized, turn-key operation of a well-maintained apartment building in a high-barrier-to-entry Coral Gables Market. PLEASE DO NOT DISTURB TENANTS!,Listing Contract Date:2023-11-20,Originating System I D:miamire,Public Survey Section:29,Showing Instructions:Call Listing Agent,Street Number Numeric:61,Tax Legal Description:29-32 54 41 SUNRISE HARBOUR REV PL PB 65-22 LOT 15 BLK 1 LOT SIZE 10000 SQUARE FEET OR 17596-3051 0497 1 COC 22180-4542 03 2004 1,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,M I A M I R E_ Internet Remarks:Great 2 story apartment building located in the sought-after city of Coral Gables on one of its most prestigious streets... Edgewater Drive.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2023-11-20,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,