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    291 Navarre Ave Coral Gables, FL 33134

    Sponsored
    For Sale
    $1,950,000

    Four-unit apartment building, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a charming four-unit apartment building situated in the heart of Coral Gables, Florida, at 291 Navarre Avenue, zip code 33134. Built in 1948, this two-story building offers four spacious units, each featuring two bedrooms and one bathroom. The apartments boast high ceilings and formal dining rooms, providing comfortable living spaces. The property's prime location offers unparalleled convenience, with easy walking access to Publix, Target, and the vibrant restaurants and cafes of downtown Coral Gables, including the Financial Center. Its proximity to Miracle Mile adds to its desirability. All four units are currently rented, generating immediate income. Recent repainting enhances the property's appeal. The building's strong rental history and current occupancy levels indicate a stable and potentially lucrative investment. The asking price is $1,950,000. The owner is motivated to sell, presenting a compelling opportunity for a discerning investor seeking a well-located, income-producing multifamily property in a highly desirable area. This is a rare chance to acquire a turnkey investment in the thriving Coral Gables market.

    Property Features for 291 Navarre Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1948
    Stories
    2
    Units
    4

    HighLights

    • Four‑unit apartment building in desirable Coral Gables, FL (33134).
    • Two‑story building with four 2 bed/1 bath units, built in 1948.
    • High ceilings and formal dining rooms in each unit.
    • Prime location near Publix, Target, Miracle Mile, and downtown Coral Gables restaurants.
    • 100% occupied, generating immediate income.
    • Recently repainted; strong rental history.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -80.2606962
    Latitude
    25.7544982

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, prime location.
    Where is this multifamily property located?
    The property is located at 291 Navarre Ave Coral Gables, FL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Four-unit apartment building in desirable Coral Gables, FL (33134).; Two-story building with four 2 bed/1 bath units, built in 1948.; High ceilings and formal dining rooms in each unit.
    Request Owner's contact information
    291 Navarre 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
    291 Navarre Ave Coral Gables, FL 33134
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