Coral Gables Multifamily
320-324 Mendoza Ave, Coral Gables, FL 33134
Renovated 28-unit multifamily portfolio in a premier residential neighborhood.
Type:Multifamily
- Added:
- Mar 2, 2026
- Days on Market:
- 76
- Last Refresh:
- Mar 16 at 1:50 pm
Property Features for 320-324 Mendoza Ave
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1926
Listing agent Chris Canizares License #3593754
Listing office Fausto Commercial Realty Consultants
Listing date Mar 2, 2026
Source Crexi
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HighLights
- Income‑producing multifamily portfolio with a true NOI of $480,000.
- Potential to increase gross annual rent roll to $700k based on current market rents.
- Located in a premier residential neighborhood in Coral Gables known for its beautiful architecture and walkability.
- Fully stabilized and professionally managed with vetted, high‑quality tenants.
- Portfolio consists of 28 units across three buildings: two 8‑unit buildings (one fully gut renovated, one substantially renovated) and one 12‑unit building with Deco Studios.
- Buildings are in beautiful condition with tastefully appointed common areas and outdoor garden spaces; no deferred maintenance.
Overview
This offering presents the opportunity to acquire a renovated, income-producing multifamily portfolio comprising 28 units across three buildings. The properties are located in a premier residential neighborhood and are professionally managed. The portfolio is fully stabilized and offers in-place cash flow. There is potential for additional upside through mark-to-market rents, supported by nearby comparable properties. Two of the buildings are symmetrical 8-unit buildings, one of which has been fully gut renovated and the other substantially renovated, featuring highly attractive one-bedroom apartments. The third building is a 12-unit building composed of large Deco Studios. The buildings are in beautiful condition, with common areas and outdoor garden spaces tastefully appointed by a landscape and interior designer. There is no deferred maintenance, and all tenants are vetted. The current rent roll generates $662k gross per year, but market rents today would yield $700k gross, to yield a true NOI of $480,000. The location is in one of Coral Gables’ nicest residential neighborhoods, with architecture, lush treescapes, and walkability. All buildings are fully up to date on all re-certifications and fully permitted as of 2026.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Coral Gables
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.261403
- Latitude
- 25.75699
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Renovated 28-unit multifamily portfolio in a premier residential neighborhood.
Where is this apartment building located?
The property is located at 320-324 Mendoza Ave Coral Gables, FL.
What is the asking price?
The asking price for this property is $8,700,000.
What are key features of this property?
This property features: Income‑producing multifamily portfolio with a true NOI of $480,000.; Potential to increase gross annual rent roll to $700k based on current market rents.; Located in a premier residential neighborhood in Coral Gables known for its beautiful architecture and walkability.
