114 Menores Ave , for Sale & Rent

114 Menores Ave for Sale & Rent

Price $2,395,000.00

• Lot size 8250
• Year Build 1925
• Waterfront
• Zip 33134
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Fausto Commercial is pleased to present an exclusive opportunity to acquire 114 Menores Ave, a renovated, income- producing 8-unit multifamily building in Coral Gables' Douglas Section. The asset is 100% occupied, fully stabilized, and offers durable in-place cash flow with additional upside through mark-to-market rents supported by nearby comparable properties. Built in 1925 and renovated in 2020, the building comprises eight highly attractive and sought- after one-bedroom units averaging approximately 717 square feet. Improvements include new PVC/CPVC plumbing on a direct city connection, in-unit washers and dryers still under warranty, motion-sensor LED common- area lighting, and secured building entry. The property passed its 40-year recertification on June 10, 2025, valid through 2035 — a completed capital event and diligence hurdle that most Coral Gables buildings of this vintage still face. The current rent roll generates $193,886 gross annually against $74,224 in operating expenses, a 38.3% expense ratio, for $119,662 in trailing net operating income. In- place rents average $1,996 per unit against submarket asking rents of $2,250–$2,300, with seven of eight leases rolling by August 2027. Location is one block off Douglas Road in one of Coral Gables' most walkable residential neighborhoods — 0.3 miles to Publix, 0.7 miles to Miracle Mile. Fully recertified through 2035 and 100% occupied, with staggered leases running to August 2027

CORAL GABLES DOUGLAS SEC PB 25-69 LOT 8 & W1/2 LOT 9 BLK 36 LOT SIZE 75.000 X 110 OR 20331-3112 03/2002 5

Fausto Commercial is pleased to present an exclusive opportunity to acquire 114 Menores Ave, a renovated, income- producing 8-unit multifamily building in Coral Gables' Douglas Section. The asset is 100% occupied, fully stabilized, and offers durable in-place cash flow with additional upside through mark-to-market rents supported by nearby comparable properties. Built in 1925 and renovated in 2020, the building comprises eight highly attractive and sought- after one-bedroom units averaging approximately 717 square feet. Improvements include new PVC/CPVC plumbing on a direct city connection, in-unit washers and dryers still under warranty, motion-sensor LED common- area lighting, and secured building entry. The property passed its 40-year recertification on June 10, 2025, valid through 2035 — a completed capital event and diligence hurdle that most Coral Gables buildings of this vintage still face. The current rent roll generates $193,886 gross annually against $74,224 in operating expenses, a 38.3% expense ratio, for $119,662 in trailing net operating income. In- place rents average $1,996 per unit against submarket asking rents of $2,250–$2,300, with seven of eight leases rolling by August 2027. Location is one block off Douglas Road in one of Coral Gables' most walkable residential neighborhoods — 0.3 miles to Publix, 0.7 miles to Miracle Mile. Fully recertified through 2035 and 100% occupied, with staggered leases running to August 2027

City:Coral Gables,Zoning:3801,List A O R:A-Miami Association of REALTORS,Latitude:25.7580016,List Price:2395000,Listing Id:A12092653,Longitude:-80.2576099,Mls Status:Active,Year Built:1925,Postal Code:33134,Street Name:Menores Ave,Coordinates:1:25.7580016,Photos Count:27,Business Type:1:Residential-Multi-Family,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2026-09-21,Parcel Number:03-41-08-009-3750,Property Type:Commercial Sale,Street Number:114,Public Remarks:Fausto Commercial is pleased to present an exclusive opportunity to acquire 114 Menores Ave, a renovated, income- producing 8-unit multifamily building in Coral Gables' Douglas Section. The asset is 100% occupied, fully stabilized, and offers durable in-place cash flow with additional upside through mark-to-market rents supported by nearby comparable properties. Built in 1925 and renovated in 2020, the building comprises eight highly attractive and sought- after one-bedroom units averaging approximately 717 square feet. Improvements include new PVC/CPVC plumbing on a direct city connection, in-unit washers and dryers still under warranty, motion-sensor LED common- area lighting, and secured building entry. The property passed its 40-year recertification on June 10, 2025, valid through 2035 — a completed capital event and diligence hurdle that most Coral Gables buildings of this vintage still face. The current rent roll generates $193,886 gross annually against $74,224 in operating expenses, a 38.3% expense ratio, for $119,662 in trailing net operating income. In- place rents average $1,996 per unit against submarket asking rents of $2,250–$2,300, with seven of eight leases rolling by August 2027. Location is one block off Douglas Road in one of Coral Gables' most walkable residential neighborhoods — 0.3 miles to Publix, 0.7 miles to Miracle Mile. Fully recertified through 2035 and 100% occupied, with staggered leases running to August 2027,County Or Parish:Miami-Dade County,Expiration Date:2027-09-20,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4073,Property Sub Type:Income/MultiFamily,State Or Province:FL,Unparsed Address:114 Menores Ave, Coral Gables FL 33134,Listing Agreement:Exclusive Agency,Building Area Total:6432,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:8250,M I A M I R E_ Flood Zone:AH,Original List Price:2395000,Public Survey Range:41,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Fausto Commercial is pleased to present an exclusive opportunity to acquire 114 Menores Ave, a renovated, income- producing 8-unit multifamily building in Coral Gables' Douglas Section. The asset is 100% occupied, fully stabilized, and offers durable in-place cash flow with additional upside through mark-to-market rents supported by nearby comparable properties. Built in 1925 and renovated in 2020, the building comprises eight highly attractive and sought- after one-bedroom units averaging approximately 717 square feet. Improvements include new PVC/CPVC plumbing on a direct city connection, in-unit washers and dryers still under warranty, motion-sensor LED common- area lighting, and secured building entry. The property passed its 40-year recertification on June 10, 2025, valid through 2035 — a completed capital event and diligence hurdle that most Coral Gables buildings of this vintage still face. The current rent roll generates $193,886 gross annually against $74,224 in operating expenses, a 38.3% expense ratio, for $119,662 in trailing net operating income. In- place rents average $1,996 per unit against submarket asking rents of $2,250–$2,300, with seven of eight leases rolling by August 2027. Location is one block off Douglas Road in one of Coral Gables' most walkable residential neighborhoods — 0.3 miles to Publix, 0.7 miles to Miracle Mile. Fully recertified through 2035 and 100% occupied, with staggered leases running to August 2027,Listing Contract Date:2026-09-21,Originating System I D:miamire,Public Survey Section:8,Street Number Numeric:114,Tax Legal Description:CORAL GABLES DOUGLAS SEC PB 25-69 LOT 8 & W1/2 LOT 9 BLK 36 LOT SIZE 75.000 X 110 OR 20331-3112 03/2002 5,M I A M I R E_ Current Price:2395000,Public Survey Township:41,M I A M I R E_ Municipal Code:3,M I A M I R E_ Total Mortgage:1000000,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:a renovated, income- producing 8-unit multifamily building in Coral Gables' Douglas Section. The asset is 100% occupied, fully stabilized,M I A M I R E_ Parcel Number M L X:3750,M I A M I R E_ Street View Param:1$25.758027$-80.257563$118.08$13.33$1.00$Uhj69MVflmcHMQ_GdGdjPw,Contract Status Change Date:2026-09-21,Internet Address Display Y N:1,Number Of Units In Community:8,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:9,M I A M I R E_ Agent Alternate Phone:305-510-6627,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:114 Menores Ave,