For Sale

114 MENORES AVE

Coral Gables, FL 33134

$2,395,000

Highlights

  • 6,432 SF building on a 8,250 SF lot
  • Built in 1925
  • Asking $372/SF

Property facts

Price
$2,395,000
Price per SF
$372/SF
Property type
Multi-family
Building size
6,432 SF
Lot size
8,250 SF
Year built
1925

About this property

114 Menores Avenue — Boutique Coral Gables Living Set on a residential block in Coral Gables’ Douglas Section, steps from Douglas Road and a short walk to Publix and the shops and restaurants of Miracle Mile, 114 Menores Avenue offers a rare opportunity to own an intimate, eight-unit apartment residence in one of Miami-Dade’s most enduring and land-constrained submarkets. Boutique multifamily assets of this scale seldom trade in Coral Gables, giving this offering genuine scarcity value in a city where new supply is structurally limited. Originally built in 1925 and thoughtfully renovated in 2020, the property pairs old Coral Gables character with modern functionality — in-unit washer/dryers, upgraded PVC plumbing, electrical, LED hallway lighting on motion sensors, secured building entrty. Adding to its appeal, the building has already cleared its 40-Year Structural and Electrical Recertification with the City of Coral Gables, valid through 2035 — the major capital milestone many older Miami-Dade buildings still have ahead of them, already behind this one. All eight residences are efficient, well-proportioned one-bedroom, one-bathroom, fully leased with staggered expirations that provide steady in-place income today and clear upside as rents roll to market. Just blocks from Coral Gables Hospital and within easy reach of the University of Miami, the location draws a deep and diverse resident base. For an investor, 114 Menores is a turnkey entry point into one of South Florida

From the listing broker.

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