343 Madeira Ave ,Attached, Quadruplex, Coral Gables Sec K Rev for Sale

343 Madeira Ave for Sale

Price $4,200,000.00

• Lot size 13636
• Year Build 2010
• Waterfront
• Zip 33134
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

Four modern, 2010 built townhouses in the heart of Coral Gables w/rooftop & garages. Each townhouse is currently occupied at market rate rents to well-qualified Tenants, all annual leases. Rents have consistently held strong for several years while Tenant turnover has remained minimal. Given the nature of the construction and simple maintenance that is occasionally required, this property is able to be self-managed allowing for profitability to be maximized. As Coral Gables continues to draw the attention of quality residents from companies such as Apple and FIFA, don?t miss out on this opportunity to invest in one of the hottest cities in the US. If desired, light value-add opportunity to increase rents or possibility to convert to condos exists. NOI = $208K+. P&L + rent roll available.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls= TEXT or email Charles for inquiries, questions: 786.496.2446 or charles.celesia@compass.com. Do not disturb Tenants without appointment. Property is currently self managed by local landlords. P&L and Rent Roll available.

8 54 41 CORAL GABLES SEC K REV PB 30-60 LOTS 1-2-3 BLK 1 LOT SIZE 74.000 X 122 OR 19002-4825 0199 4 COC 23163-1953 03 2005 1

1/4 To Less Than 1/2 Acre Lot

Four modern, 2010 built townhouses in the heart of Coral Gables w/rooftop & garages. Each townhouse is currently occupied at market rate rents to well-qualified Tenants, all annual leases. Rents have consistently held strong for several years while Tenant turnover has remained minimal. Given the nature of the construction and simple maintenance that is occasionally required, this property is able to be self-managed allowing for profitability to be maximized. As Coral Gables continues to draw the attention of quality residents from companies such as Apple and FIFA, don?t miss out on this opportunity to invest in one of the hottest cities in the US. If desired, light value-add opportunity to increase rents or possibility to convert to condos exists. NOI = $208K+. P&L + rent roll available.

City:Coral Gables,Zoning:3801,List A O R:A-Miami Association of REALTORS,Stories:3,Tax Year:2024,Flooring:1:Wood,Latitude:25.7559193,Cooling Y N:1,Heating Y N:1,List Price:4200000,Listing Id:A11716209,Longitude:-80.2627144,Mls Status:Active,Year Built:2010,Living Area:13636,Postal Code:33134,Street Name:Madeira Ave,Coordinates:1:25.7559193,Photos Count:46,Building Name:CORAL GABLES SEC K REV,Lot Size Units:Square Feet,M I A M I R E_ Area:41,M L S Area Major:Coral Gables Sec K Rev,On Market Date:2025-01-02,Parcel Number:03-41-08-005-0010,Parking Total:9,Property Type:Residential Income,Stories Total:3,Street Number:343,M I A M I R E_ Style:Fourplex,Public Remarks:Four modern, 2010 built townhouses in the heart of Coral Gables w/rooftop & garages. Each townhouse is currently occupied at market rate rents to well-qualified Tenants, all annual leases. Rents have consistently held strong for several years while Tenant turnover has remained minimal. Given the nature of the construction and simple maintenance that is occasionally required, this property is able to be self-managed allowing for profitability to be maximized. As Coral Gables continues to draw the attention of quality residents from companies such as Apple and FIFA, don?t miss out on this opportunity to invest in one of the hottest cities in the US. If desired, light value-add opportunity to increase rents or possibility to convert to condos exists. NOI = $208K+. P&L + rent roll available.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Compass Florida, LLC.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4239,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:CORAL GABLES SEC K REV,Tax Annual Amount:56908,Total Actual Rent:283800,Unparsed Address:343 Madeira Ave, Coral Gables FL 33134,Exterior Features:1:Open Balcony,Listing Agreement:Exclusive Right To Sell,Operating Expense:75697,Year Built Details:Resale,Building Area Total:13636,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:308.0082,Original List Price:4200000,Public Survey Range:41,Documents Available:1:Deposit Held,2:Deposit - Last Months Rent,3:Copy Of Lease(S),4:Rent Rolls,I D X Participation Y N:1,Net Operating Income:208102,Number Of Units Total:4,Syndication Remarks:Four modern, 2010 built townhouses in the heart of Coral Gables w/rooftop & garages. Each townhouse is currently occupied at market rate rents to well-qualified Tenants, all annual leases. Rents have consistently held strong for several years while Tenant turnover has remained minimal. Given the nature of the construction and simple maintenance that is occasionally required, this property is able to be self-managed allowing for profitability to be maximized. As Coral Gables continues to draw the attention of quality residents from companies such as Apple and FIFA, don?t miss out on this opportunity to invest in one of the hottest cities in the US. If desired, light value-add opportunity to increase rents or possibility to convert to condos exists. NOI = $208K+. P&L + rent roll available.,Listing Contract Date:2025-01-02,Originating System I D:miamire,Public Survey Section:8,Showing Instructions:See Broker Remarks,Street Number Numeric:343,Tax Legal Description:8 54 41 CORAL GABLES SEC K REV PB 30-60 LOTS 1-2-3 BLK 1 LOT SIZE 74.000 X 122 OR 19002-4825 0199 4 COC 23163-1953 03 2005 1,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:12357,M I A M I R E_ Internet Remarks:Four modern, 2010 built townhouses in the heart of Coral Gables w/rooftop & garages. Each townhouse is currently occupied at market rate,Contract Status Change Date:2025-01-02,Internet Address Display Y N:1,Number Of Units In Community:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:308.01,