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Coral Gables Portfolio-Mendoza/Salzedo 2 biens | Immeuble residentiel | À vendre | 7 593 012 € | Localisations multiples
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- True turnkey Coral Gables multifamily – stabilized, renovated, compliant, and professionally managed
- Durable renter demand driven by walkability, income demographics, and limited new supply
- Ideal for private capital, family offices, or 1031 buyers seeking stable South Florida multifamily exposure
- Portfolio scale without operational complexity – three buildings on one block
- Strong downside protection with immediate cash flow and long-term appreciation
- Compelling alternative to ground-up development given construction costs and entitlement risk
Résumé analytique
austo Commercial is pleased to present an exclusive opportunity to acquire a fully renovated, stabilized multifamily portfolio located in one of Coral Gables’ most desirable residential neighborhoods. The offering consists of three boutique apartment buildings totaling 28 units, all situated within the same walkable block, providing operational efficiency and a cohesive tenant experience.
The portfolio includes two symmetrical 8-unit buildings at 320 and 324 Mendoza Avenue featuring highly desirable one-bedroom layouts, along with a 12-unit Deco-style studio building at 1610 Salzedo Street. One Mendoza building has undergone a full gut renovation, while the remaining assets have been substantially renovated, resulting in attractive, well-maintained units with strong tenant appeal.
The properties are professionally managed, fully stabilized, and 100% occupied, generating $662,000 in current gross annual income, with clear mark-to-market upside to approximately $700,000+ in gross rents based on nearby comparable properties. At market rents, the portfolio supports an estimated true stabilized NOI of approximately $480,000.
Located in a tree-lined, walkable Coral Gables neighborhood near Miracle Mile, Merrick Park, and major employment centers, the portfolio benefits from sustained renter demand, limited new supply, and long-term value appreciation. All buildings are fully permitted, up to date on recertifications, and have no deferred maintenance, offering investors a turnkey acquisition suitable for long-term hold or strategic portfolio aggregation.
The portfolio includes two symmetrical 8-unit buildings at 320 and 324 Mendoza Avenue featuring highly desirable one-bedroom layouts, along with a 12-unit Deco-style studio building at 1610 Salzedo Street. One Mendoza building has undergone a full gut renovation, while the remaining assets have been substantially renovated, resulting in attractive, well-maintained units with strong tenant appeal.
The properties are professionally managed, fully stabilized, and 100% occupied, generating $662,000 in current gross annual income, with clear mark-to-market upside to approximately $700,000+ in gross rents based on nearby comparable properties. At market rents, the portfolio supports an estimated true stabilized NOI of approximately $480,000.
Located in a tree-lined, walkable Coral Gables neighborhood near Miracle Mile, Merrick Park, and major employment centers, the portfolio benefits from sustained renter demand, limited new supply, and long-term value appreciation. All buildings are fully permitted, up to date on recertifications, and have no deferred maintenance, offering investors a turnkey acquisition suitable for long-term hold or strategic portfolio aggregation.
Informations sur l’immeuble
| Prix | 7 593 012 € | Nb de biens | 2 |
| Prix/m² | 4 584 € / m² | Individuellement en vente | 2 |
| Type de vente | Investissement | Surface totale de l’immeuble | 1 656 m² |
| Statut | Actif | Surface totale du terrain | 0,14 ha |
| Prix | 7 593 012 € |
| Prix/m² | 4 584 € / m² |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 2 |
| Individuellement en vente | 2 |
| Surface totale de l’immeuble | 1 656 m² |
| Surface totale du terrain | 0,14 ha |
Biens
| Nom du bien/adresse | Type de bien | Surface | Année de construction | Prix individuel |
|---|---|---|---|---|
| 1610 Salzedo St, Coral Gables, FL 33134 | Immeuble residentiel | 573 m² | 1926 | 3 246 667 € |
| 320-324 Mendoza Ave, Miami, FL 33134 | Immeuble residentiel | 1 083 m² | 1926 | 4 328 890 € |
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Contacts
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Carlos Fausto Miranda -
Vicente Rodriguez -
Christopher Canizares -
Fausto Commercial Realty Consultants
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Coral Gables Portfolio-Mendoza/Salzedo
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