C Gab Douglas Sec Properties

Reduced for a quick sale...Vacant land in the heart of Coral Gables for multi-family development. Located at North side of Menores av (211 Menores) 55 feet of frontage on Menores and 100 feet on the eastern alley way. Zoned Coral Gables MF-2. Suited for four (4) to six(6) units based on FAR formula.

Amazing investment opportunity in the heart of the Gables. Four 1/1 units with additional den in each in unique 2 story building. All 4 units updated and rented to professionals at average of $1500. $60k in Net Income, $10k in total expenses. 5% cap rate- best in the Gables. Washer/Dryer room. Property recently passed 40 year inspection which required owner to invest $150k in improvements.