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    357 Santander Ave Coral Gables, FL 33134

    For Sale
    $2,400,000

    Prime Coral Gables location, redevelopment potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This charming 1925 Coral Gables triplex presents a unique investment opportunity. Located at 357 Santander Ave, in the desirable 33134 zip code, this single-story building offers significant redevelopment potential for approximately 7,000 sq ft of twin homes or mixed-use construction. Currently generating $6,000 in gross monthly rent, the property comprises three units: a 2-bedroom, 1-bathroom unit with a den, fireplace, living/dining area, kitchen, laundry, and walk-in closet, renting for $2,800 per month; a 1-bedroom, 1-bathroom unit renting for $1,800 per month; and a studio unit renting for $1,400 per month. Each unit features a separate entrance and electric meter. Assigned on-site parking is available. The property is being sold "as is" with a 15-day inspection period. Showings are limited to pre-qualified buyers. Tenants should not be disturbed. Its prime location offers easy access to Miracle Mile, tennis courts, a gym, youth center, library, park, and a Publix supermarket. The asking price is $2,400,000. This property offers a blend of immediate income and exciting future development possibilities in a highly sought-after Coral Gables neighborhood.

    Property Features for 357 Santander Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1925
    Stories
    1

    HighLights

    • $2,400,000 asking price for this Coral Gables multifamily investment opportunity.
    • 1925‑built, one‑story triplex located at 357 Santander Ave, Coral Gables, FL 33134.
    • Generating $6,000 in gross monthly rent, with potential for rent increases.
    • Features a 2/1 plus den main unit, a 1/1 side unit, and a studio apartment, all with separate utilities and assigned parking.
    • Prime Coral Gables location, walkable to Miracle Mile and local amenities. Offers redevelopment potential for twin or triple homes. Sold "as is" with a 15‑day inspection period.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    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
    -80.2622965
    Latitude
    25.7434019

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    FAQs

    What type of property is this?
    Multifamily property - Prime Coral Gables location, redevelopment potential.
    Where is this multifamily property located?
    The property is located at 357 Santander Ave Coral Gables, FL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: $2,400,000 asking price for this Coral Gables multifamily investment opportunity.; 1925-built, one-story triplex located at 357 Santander Ave, Coral Gables, FL 33134.; Generating $6,000 in gross monthly rent, with potential for rent increases.
    Request Owner's contact information
    357 Santander Ave Coral Gables, FL 33134
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    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
    357 Santander Ave Coral Gables, FL 33134
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