320-324 Mendoza Ave Coral Gables
16 units in coral gables
Marketing description
Fausto commercial is pleased to present an exclusive opportunity to acquire a Renovated, income-producing 16-unit Multifamily asset located in one of coral Gables’ premier residential neighborhoods.
Two renovated adjacent coral gables multifamily buildings totaling 16 units. Both Buildings are symmetrical 8-unit buildings, one has been fully gut renovated, and the Other substantially renovated. Both buildings Are in beautiful condition, with common Areas and outdoor garden spaces tastefully Appointed by a landscape and interior Designer. all units are large, high attractive and sought after one bedroom. 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 $400k gross per Year, but market rents today would yield $432k gross; to yield a true NOI of $309,000. 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. These Buildings sit a block out of the coral gables Municipality, so all the benefit of the locality Without the high re taxes! Both are fully up to date on all Re-certifications and fully permitted as of 2026
Renovated multi-family asset with strong In-place income
MF2 zoning | fully renovated improvements Washer/dryer in units | turnkey investment
Investment highlights
- Unit mix & design
- 16 large one-bedroom units across two adjacent 8-unit buildings
- Fully gut-renovated and substantially renovated improvements
- Highly functional floorplans with strong tenant appeal
- Designer-enhanced landscaping and curated outdoor garden spaces
- Boutique-scale asset in a premier coral gables residential pocket
- Asset condition & compliance
- Fully compliant with all required building re-certifications
- All improvements fully permitted and up to date as of 2026
- Investment profile
- Core / core-plus coral gables multifamily
- Professionally managed with no deferred maintenance
- Stable occupancy and strong tenant retention
- Located one block outside coral gables
- Municipality, benefit of address without elevated tax burden
- Suitable for long-term hold, family office, or portfolio aggregation
- Redevelopment & Upside potential
- Infill multi-family parcel within a Supply-constrained coral gables Submarket
- Opportunity to renovate and Modernize existing improvements
- Potential to enhance rental income Through unit upgrades and Repositioning
- Long-term value preservation Supported by stable residential Demand
- Future redevelopment subject to Zoning and municipal approvals
- Density & zoning Capacity
- Zoning: ru-3 – four-unit apartment District
- Lot size: ±5,000 sf
- Permitted use: multi-family (up to four Units per lot, per code)
- Existing density consistent with zoning Parameters
- 320 mendoza ave
- Select units renovated
- Resurfaced flooring in upgraded units
- Shared on-site washer and dryer facility
- Roof replaced (date available upon request)
- 324 mendoza ave
- 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
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