No photos available
Offered at
$2,395,000
114 Menores Avenue, Coral Gables, FL 33134
- 0
- Beds
- 0
- Full Baths
- 6,432
- Sq.Ft.
Listing courtesy of Vicente Javier Rodriguez, Fausto Commercial Realty Consultants Inc
Property Description
Fausto Commercial is pleased to presentan exclusive opportunity to acquire 114Menores Ave, a renovated, income-producing 8-unit multifamily building inCoral Gables' Douglas Section. The asset is100% occupied, fully stabilized, and offersdurable in-place cash flow with additionalupside through mark-to-market rentssupported by nearby comparableproperties.Built in 1925 and renovated in 2020, the buildingcomprises eight highly attractive and sought-after one-bedroom units averagingapproximately 717 square feet. Improvementsinclude new PVC/CPVC plumbing on a directcity connection, in-unit washers and dryers stillunder warranty, motion-sensor LED common-area lighting, and secured building entry. Theproperty passed its 40-year recertification onJune 10, 2025, valid through 2035 — acompleted capital event and diligence hurdlethat most Coral Gables buildings of this vintagestill face. The current rent roll generates$193,886 gross annually against $74,224 inoperating expenses, a 38.3% expense ratio, for$119,662 in trailing net operating income. In-place rents average $1,996 per unit againstsubmarket asking rents of $2,250–$2,300, withseven of eight leases rolling by August 2027.Location is one block off Douglas Road in one ofCoral Gables' most walkable residentialneighborhoods — 0.3 miles to Publix, 0.7 milesto Miracle Mile.Fully recertified through 2035 and 100%occupied, with staggered leases running toAugust 2027
Overview
At a glance
- Property Type
- Commercial Sale
- Property Sub-Type
- Multi Family
- Address
- 114 Menores Avenue, Coral Gables, FL 33134
- Zoning
- 3801
- MLS ID
- A12092653
- Listing Date
- 2026-09-21
- Last Updated
- 9/30/2026, 7:37:07 PM
- Days on Market
- 25
Features & Amenities
The Details
Details
- Building Area
- 6,432 sq.ft.
- Lot Size
- 8,250 sq.ft.
- Lot Size (Acres)
- 0.19 acres
- Year Built
- 1925
- County
- Miami-Dade
- Zoning
- 3801
Financial
- List Price
- $2,395,000
- Original List Price
- $2,395,000
Location
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Learn More →Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.