357 Santander Ave Coral Gables, FL 33134

Property Details for 357 Santander Ave

Year built

1925

Property type

Small apartment buildings

Description

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.