Share This Listing

Message

962 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Beautiful Spanish Style Architecture, Located in Coral Gables, Unique Spaces for Vacation Rental, Volume Ceilings for spacious feel, Lots of nature.

Executive Summary

Rare Investment Opportunity, Only Legal STR in Coral Gables! Welcome to Casa Coral, the only legal STR in Coral Gables with a conditional use permit for Bed & Breakfast. This fully licensed 6-unit Spanish-style villa is just minutes from Miracle Mile, restaurants, lounges and shops. Turnkey 2-story property with 2 separate structures, operating 4+ years with strong repeat clientele. Main house has three 1-bed/1-bath suites; guesthouse has three open-plan suites plus laundry with new washer/dryer. All units feature en suite baths, mini-split AC, and kitchenettes. Enjoy generous outdoor space to create a lush guest oasis. Prime walkable neighborhood location. A true blend of historical charm and opportunity. Seller financing and incentives available!

Property Facts

Price $3,651,647 CAD
Price Per Unit $608,608 CAD
Sale Type Investment
Cap Rate 5.20%
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class B
Lot Size 0.18 AC
Building Size 3,824 SF
Average Occupancy 85%
No. Stories 2
Year Built 1926
Zoning RM - General Density Hotel & Motel

Amenities

Unit Amenities

  • Balcony
  • Cable Ready
  • Dishwasher
  • Fireplace
  • Microwave
  • Ceiling Fans
  • Crown Molding
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Wi-Fi
  • Yard
  • Grill
  • Breakfast Nook
  • Built-In Bookshelves
  • Coffee System
  • Family Room
  • Garden
  • Handrails
  • Lawn
  • Patio
  • Porch
  • Smoke Free
  • Window Coverings

Site Amenities

  • Gated
  • Furnished Units Available
  • Zen Garden

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 3 - -
1+1 3 - -
Exceptionally walkable
90/100
Somewhat drivable
30/100
Good public transit
60/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
03-4108-009-1880
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,365,644 CAD
  • Listing ID: 34523304

  • Date on Market: 2025-01-17

  • Last Updated:

  • Address: 36 Phoenetia Ave, Coral Gables, FL 33134

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}