Listed by Fausto Commercial Realty Consultants
$3,720,000
1610 salzedo
Details
APN 03-41-08-009-3550
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 5,729
Units 12
Cap Rate 4.57%
NOI $170,000
Class B
Year Built 1926
Lot Size (SqFt) 5,526
Zoning 3801
Investment Type Stabilized
TWELVE UNIT CORAL GABLES MULTIFAMILY BUILDING
Marketing description
TWELVE UNIT CORAL GABLES
MULTIFAMILY BUILDING
Building in beautiful condition, with
common areas and outdoor garden
spaces tastefully appointed by a
landscape and interior designer. All
units are large, highly attractive and
sought after Deco Studios. The buildings
are professionally managed, with no
deferred maintenance and all vetted
high-quality tenants, to assure you of a
smoothly operating long-term
investment. Current rent roll generates
$262k gross per year; to yield a true NOI
of $170,000. Location is in one of Coral
Gables’ nicest residential
neighborhoods, with beautiful
architecture, lush treescapes, and
wonderful walkability, assuring you a
long trajectory of sustained rent and
value growth.
Investment highlights
- Medium-density residential zoning within a desirable infill location
- Opportunity to reposition or modernize existing improvements
- Potential to enhance rental income through strategic renovation
- Long-term asset viability supported by stable neighborhood demand
- Future density or redevelopment subject to municipal approvals
- Zoning: MF2 – Multi-Family Medium Density
- Lot Size: ±5,526 SF
- Permitted Use: Multi-family residential
- Density governed by Coral Gables zoning code and applicable setbacks
- Impact windows installed
- Updated landscaping enhancing curb appeal
- Select plumbing and electrical upgrades
- Resurfaced flooring in renovated units
- Partial interior renovations completed
- Shared on-site washer and dryer facility
Listing Contacts
Listed by Fausto Commercial Realty Consultants
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,000.00
$14,166.67/mo
Valuation Metrics
0
DSCR
4.57%
Cap Rate
4.57%
ROI
Map
Zoning
MF2 ResidentialMulti FamilyMultifamily 2
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View all 96 uses
View all 96 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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