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Property profile & analytics
OFF-MARKET
Small apartment buildings

406 Valencia Ave Coral Gables, FL 33134

Built 1950
Property ID
US18-3836818
Property summary
AI-generated overview

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 profile
Verified
Property type Small apartment buildings
Year built 1950
UPID US18-3836818
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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