114 Menores Ave Immeuble residentiel 8 lots 2 062 239 € (257 780 €/Lot) Taux de capitalisation 5 % Coral Gables, FL 33134

Fausto Commercial Realty Consultants is pleased to present 114 Menores Ave, a fully renovated, 100% occupied 8-unit multifamily investment property in Coral Gables' Douglas Section — one of Miami-Dade's most tightly held, supply-constrained rental submarkets. Built in 1925 and fully renovated in 2020, the property is offered at a 5.00% cap rate on trailing 12-month NOI, with $26,760 in additional annual mark-to-market rent upside for investors looking to push in-place rents to market over time.
All eight units are one-bedroom/one-bathroom residences averaging approximately 717 square feet, five of which are delivered fully furnished. The 2020 renovation left the property with no deferred maintenance, and included new PVC/CPVC plumbing on a direct city water connection, in-unit washers and dryers still under manufacturer warranty, motion-sensor LED common-area lighting, and secured building entry. The building's 40-year recertification has been approved and is valid through 2035 — a meaningful advantage over competing 1920s-era Coral Gables multifamily stock still facing recertification exposure.
Located near the Douglas Road Metrorail Station within Coral Gables' Douglas Section, 114 Menores Ave is convenient to Downtown Coral Gables, Miracle Mile, Coconut Grove, and the University of Miami — a turnkey multifamily investment property for sale in Coral Gables, well suited to 1031 exchange buyers and value-add investors targeting stabilized, renovated apartment buildings in Miami-Dade.
The property passed its 40-year recertification on June 10, 2025, valid through 2035 - a completed capital event that removes the primary diligence hurdle facing most Coral Gables buildings of this vintage and reduces lender and insurer friction at closing.
The current rent roll generates $193,886 gross annually against $74,224 in operating expenses, producing $119,662 in trailing 12-month net operating income - a 5.00% cap rate at the $2,395,000 asking price ($299,375 per unit). In-place rents average $1,996 per unit against a $2,250-$2,300 Coral Gables submarket asking range, with seven of eight leases rolling by August 2027, representing $26,760 of annual mark-to-market upside. Stabilized pro forma market NOI of $123,149 supports a 5.14% cap rate.
Located mid-block on a quiet, tree-lined street one block off Douglas Road - 0.3 miles to Publix and 0.7 miles to Miracle Mile, with walkable access to Shops at Merrick Park, the free Coral Gables Trolley, and downtown Coral Gables. 10 minutes to Brickell and 15 minutes to Miami International Airport.
Offering memorandum available. Rent roll as of 8/1/2026; tenant names withheld and available under executed confidentiality agreement.