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Map
$2,002,773*
●
Multifamily -
Off Market
515 Catalonia Ave
Coral Gables, FL 33134
Studio
0 Bath
3574 Sqft
$1,035,000 - $1,265,000
Reference Base Price*
74.15%
Since Oct 1, 2019
FL-Miami
Primary Model
About This Property
Unique opportunity to own a 5-Unit Old Spanish building in the
heart of Coral Gables. Units are in turnkey condition with
fantastic Gables charm. 2, detached 2-story buildings with 5
separately metered apartments; Four 1 bed 1 bath and One 1 bed plus
den/closet utilized as 2nd bedroom. Excellent Location short walk
to Coral Gables Youth Center, Miracle Mile, Biltmore, Venetian Pool
and Merrick Park.
Building is fully leased. Above market 5.1% Cap rate based on actual(current) Income & expense. $83,640 Gross Income, $24,903 Total Expenses and $58,737 NOI(See attached income/expense analysis). Passed 40 Year inspection in 2016.
The manager has listed the unit size as 3574 square feet.
Building is fully leased. Above market 5.1% Cap rate based on actual(current) Income & expense. $83,640 Gross Income, $24,903 Total Expenses and $58,737 NOI(See attached income/expense analysis). Passed 40 Year inspection in 2016.
The manager has listed the unit size as 3574 square feet.
Unit Size
3,574Ft²
Days on Market
-
Land Size
-
Price per sqft
$322
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1926
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 7, 2019 | No longer available | - | |
| No longer available | |||
| May 23, 2019 | Listed | $1,150,000 | |
| Listed | |||
Property Highlights
Air Conditioning
515 Catalonia Ave
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Multifamily
Stu
-
2,760 ft²
$362/ft²
$1,000,000
Nov 16, 2023
$1,000,000
Jan 17, 2024
$524/mo
Sold
Multifamily
Stu
-
2,512 ft²
$464/ft²
$1,165,000
Aug 7, 2023
$1,165,000
Aug 31, 2023
$1,034/mo
Multifamily
Stu
-
2,532 ft²
$320/ft²
$810,000
Oct 17, 2023
$810,000
Feb 22, 2024
$631/mo
Condo
3
Beds
4
Baths
2,710 ft²
$351/ft²
$950,000
Feb 9, 2024
$950,000
Apr 5, 2024
$4,239/mo
Townhouse
3
Beds
4
Baths
2,320 ft²
$496/ft²
$1,150,000
Jun 8, 2023
$1,150,000
Nov 15, 2023
$1,680/mo
Sold
Condo
4
Beds
4
Baths
2,082 ft²
$528/ft²
$1,100,000
Mar 31, 2023
$1,100,000
Feb 8, 2024
$2,401/mo
Active
Multifamily
Stu
-
2,716 ft²
$442/ft²
$1,200,000
Apr 13, 2024
-
$739/mo
Active
Multifamily
Stu
-
2,212 ft²
$452/ft²
$1,000,000
Mar 14, 2024
-
$1,062/mo
Active
Multifamily
Stu
-
1,492 ft²
$741/ft²
$1,105,000
Sep 26, 2023
-
$606/mo
In Contract
Other
Loft
-
3,312 ft²
$317/ft²
$1,050,000
Feb 2, 2024
-
$1,463/mo
Active
House
5
Beds
4
Baths
2,790 ft²
$430/ft²
$1,200,000
Feb 20, 2024
-
$1,031/mo
Active
House
4
Beds
3
Baths
3,050 ft²
$426/ft²
$1,300,000
Apr 11, 2024
-
$971/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
05/23/2019
|
|
Studio
|
-
|
3574 ft²
|
$1,150,000
Studio
-
3574 ft²
|
-
-
|
-
|
Israel Salabarria
Engel & Voelkers Coconut Grove
|
Building Info
About Coral Gables
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