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115 Salamanca Ave 8 Unit Apartment Building $4,301,122 CAD ($537,640 CAD/Unit) Coral Gables, FL 33134
Investment Highlights
- New Roof, Exterior Paint, and Impact Windows
- Parking Lot just re-surfaced
- New Electrical and 40-Year Recertification completed
- Units 5 and 6 Fully Remodeled
Executive Summary
115 Salamanca Avenue presents a rare opportunity to acquire a multi-family property in one of Miami’s most prestigious neighborhoods. The property sits on a quiet, tree-lined street within walking distance of Miracle Mile, top-rated restaurants, shops, and transit. This is an ideal opportunity for investors seeking stable cash flow and long-term appreciation in the highly sought-after Coral Gables market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $4,301,122 CAD | Building Class | C |
| Price Per Unit | $537,640 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,950 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.73/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | 3801 - PA Primary Zone 3801 MULTI-FAMILY MED DENSITY Primary Land Use 0803 MULTIFAMILY 2-9 UNITS : MULTIFAMILY 3 OR MORE UNITS | ||
| Price | $4,301,122 CAD |
| Price Per Unit | $537,640 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,950 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2025 |
| Parking Ratio | 1.73/1,000 SF |
| Zoning | 3801 - PA Primary Zone 3801 MULTI-FAMILY MED DENSITY Primary Land Use 0803 MULTIFAMILY 2-9 UNITS : MULTIFAMILY 3 OR MORE UNITS |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Ceiling Fans
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 2 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03-4108-009-2800 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,846,753 CAD |
Property Taxes
Parcel Number
03-4108-009-2800
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,846,753 CAD
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115 Salamanca Ave
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