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Map
$2,002,773*
●
Commercial -
Off Market
515 Catalonia Ave
Coral Gables, FL 33134
Studio
0 Bath
$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.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1926
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 7, 2019 | No longer available | - | |
| No longer available | |||
| May 29, 2019 | Listed | $1,150,000 | |
| Listed | |||
Property Highlights
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
In Contract
Multifamily
Stu
-
2,688 ft²
$409/ft²
$1,100,000
Oct 12, 2022
-
$735/mo
Active
Multifamily
Stu
-
1,492 ft²
$664/ft²
$990,000
Mar 17, 2022
-
$606/mo
Active
Condo
2
Beds
2.5
Baths
1,890 ft²
$595/ft²
$1,125,000
Feb 16, 2023
-
$2,289/mo
Active
Townhouse
4
Beds
3.5
Baths
1,272 ft²
$936/ft²
$1,190,000
Jun 9, 2022
-
$718/mo
Active
House
2
Beds
2
Baths
1,132 ft²
$1,056/ft²
$1,195,000
Feb 3, 2023
-
$710/mo
Townhouse
4
Beds
3
Baths
1,800 ft²
$667/ft²
$1,200,000
Oct 21, 2022
-
$1,171/mo
Active
House
4
Beds
2
Baths
1,720 ft²
$698/ft²
$1,200,000
Nov 30, 2022
-
$569/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
