Sunshine Inn
Hospitality | 6.46% CAP
Marketing description
Introducing the Sunshine Inn Apartments located at 4871 West Flagler Street, Coral Gables, FL 33134. Priced at $6,500,000, this income-producing property offers a unique development opportunity in the vibrant Flagami neighborhood of Miami. The property, spanning 38,676 sq. ft with T5-O zoning, currently operates as a 36-unit rental complex. Centrally situated near key Miami locations such as Miracle Mile, Marlins Park, and the upcoming Miami Freedom Park Soccer Stadium, this property is in a prime location with high development potential. The surrounding Flagami neighborhood is known for its diverse and well-established community, providing a charming residential setting with easy access to amenities, universities, and transportation hubs. Don't miss out on this rare opportunity to invest in a property with character and growth prospects in the heart of Miami. Contact us today for more information.
Investment highlights
36 Units across 5 buildings
38,676 SF lot (0.89 acres)
Zoned T5-L with potential T6-O upside
Passed 40-Year Recertification
6.46% Cap Rate
NOI: $419,612
Gross Scheduled Income: $713,098
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