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320-324 Mendoza Ave 16 Unité Immeuble d’appartements 6 789 199 $ CAD (424 325 $ CAD/Unité) 6,20% Taux de capitalisation Miami, FL 33134
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Faits saillants de l'investissement
- Two side-by-side 8-unit buildings create scale and operational efficiency. Located just outside Coral Gables municipality = lower real estate taxes
- One building fully gut renovated, the other substantially renovated. Compelling alternative to development given replacement cost and entitlement risk
- ~6.2% stabilized cap rate in a premier Coral Gables submarket
- 16 large one-bedroom units—the most liquid and in-demand rental product
- ~$309,000 stabilized NOI with mark-to-market rent upside
- Turnkey asset with no deferred maintenance. Fully permitted and recertified through 2026
Résumé de l'annonce
Fausto Commercial is pleased to present 320–324 Mendoza Avenue, a fully renovated, income-producing multifamily investment comprised of two adjacent, symmetrical 8-unit apartment buildings totaling 16 large one-bedroom residences. Located in one of Coral Gables’ most desirable residential neighborhoods, this boutique offering combines immediate cash flow, durable tenant demand, and long-term value appreciation.
One of the buildings has undergone a full gut renovation, while the second has been substantially renovated, resulting in assets that are in excellent condition with no deferred maintenance. Interiors feature highly functional floorplans with strong tenant appeal, while exterior common areas and outdoor garden spaces have been professionally designed and landscaped, enhancing curb appeal and tenant experience.
The property is professionally managed and fully stabilized, generating approximately $400,000 in current gross annual income, with clear mark-to-market upside to approximately $432,000 in market gross rents. At market rents, the asset supports an estimated true stabilized NOI of approximately $309,000, equating to an attractive ~6.2% stabilized cap rate.
Positioned just one block outside the Coral Gables municipal boundary, the property benefits from the prestige and demand of a Coral Gables address while avoiding the higher real estate tax burden—creating an attractive risk-adjusted return profile. All improvements are fully permitted, and both buildings are up to date on required recertifications as of 2026, offering a true turnkey acquisition.
One of the buildings has undergone a full gut renovation, while the second has been substantially renovated, resulting in assets that are in excellent condition with no deferred maintenance. Interiors feature highly functional floorplans with strong tenant appeal, while exterior common areas and outdoor garden spaces have been professionally designed and landscaped, enhancing curb appeal and tenant experience.
The property is professionally managed and fully stabilized, generating approximately $400,000 in current gross annual income, with clear mark-to-market upside to approximately $432,000 in market gross rents. At market rents, the asset supports an estimated true stabilized NOI of approximately $309,000, equating to an attractive ~6.2% stabilized cap rate.
Positioned just one block outside the Coral Gables municipal boundary, the property benefits from the prestige and demand of a Coral Gables address while avoiding the higher real estate tax burden—creating an attractive risk-adjusted return profile. All improvements are fully permitted, and both buildings are up to date on required recertifications as of 2026, offering a true turnkey acquisition.
Faits sur la propriété
| Prix | 6 789 199 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 424 325 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,21 AC |
| Taux de capitalisation | 6,20% | Taille du bâtiment | 11 656 pi² |
| Nombre d’unités | 16 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1926 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,38/1 000 pi² |
| Zonage | RU-3 - Multifamily | ||
| Prix | 6 789 199 $ CAD |
| Prix par unité | 424 325 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,20% |
| Nombre d’unités | 16 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,21 AC |
| Taille du bâtiment | 11 656 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1926 |
| Ratio de stationnement | 1,38/1 000 pi² |
| Zonage | RU-3 - Multifamily |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 16 | - | - |
Walk Score®
Très pratique à pied (85)
Impôts fonciers
| Numéro de lot | 30-4108-032-0090 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 1 539 429 $ CAD |
Impôts fonciers
Numéro de lot
30-4108-032-0090
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
1 539 429 $ CAD
Contacts
-
Carlos Fausto Miranda -
Vicente Rodriguez -
Christopher Canizares -
Fausto Commercial Realty Consultants
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320-324 Mendoza Ave
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