23 Majorca Ave, Coral Gables FL 33134
$1,975,000
$470.24/Sq Ft
- 8 Beds
- 4 Baths
- N/A Parking
- 4200 ft²
Description
Rare Coral Gables fourplex with two paths to value. Hold it as a stabilized income-producing asset, or convert it to a single-family estate in one of the Gables’ most sought-after residential pockets. 5,640 SF lot on a tree-lined street, minutes from Miracle Mile, Downtown Coral Gables, the University of Miami, and Merrick Park. Four separate units 2-Bedroom / 1- Bath, Fully leased for a year. The Gables’ strict single-family premiums, limited supply, and lasting demand make this one of the few chances to buy here with an income cushion while you plan the conversion. Buyer to verify zoning, permitting, and conversion feasibility with the City of Coral Gables. Tenant-occupied; showings by appointment with notice. Rent roll and OM available on request.
Marvel Avellanet
Real Estate Broker
Estimate Payments
Technical Summary
| Price | $1,975,000 |
|---|---|
| Beds | 8 |
| Baths | 4 |
| Area | 4200 ft² |