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    406 Valencia Ave Coral Gables, FL 33134

    For Sale
    $2,800,000

    Six-unit building, prime location, high ROI potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional six-unit apartment building presents a compelling investment opportunity in the highly desirable Coral Gables, Florida, neighborhood. Located at 406 Valencia Ave, 33134, this two-story, 1950-built property offers a unique blend of established income and future growth potential. Its prime location places it within walking distance of Miracle Mile, ensuring consistent tenant demand and competitive rental rates. The property's multifamily structure, classified as an apartment building/duplex/triplex/quadruplex, provides a diversified income stream. This is a turnkey investment ready for immediate returns. Note that a neighboring six-unit building at 414 Valencia Ave is also available for sale from the same owner, presenting a potential for significant portfolio expansion. The asking price for this property is $2,800,000. This presents a rare opportunity to acquire a well-situated, income-generating asset in one of South Florida's most sought-after locations. The property's strong fundamentals and strategic location make it an ideal addition to any investment portfolio. Serious inquiries are encouraged.

    Property Features for 406 Valencia Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1950
    Stories
    2

    HighLights

    • $2,800,000 asking price.
    • Six‑unit multifamily apartment building.
    • Located in desirable Coral Gables, FL, near Miracle Mile.
    • 1950 construction, two‑story building.
    • Adjacent property (414 Valencia Ave) also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Law Firm Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2631171
    Latitude
    25.7472122

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    FAQs

    What type of property is this?
    Multifamily property - Six-unit building, prime location, high ROI potential.
    Where is this multifamily property located?
    The property is located at 406 Valencia Ave Coral Gables, FL.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: $2,800,000 asking price.; Six-unit multifamily apartment building.; Located in desirable Coral Gables, FL, near Miracle Mile.
    Request Owner's contact information
    406 Valencia Ave Coral Gables, FL 33134
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    406 Valencia Ave
    Coral Gables, FL 33134
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    406 Valencia Ave Coral Gables, FL 33134
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