Property History
Property Type
Property Type
Property Subtype
Marketing Description
Verawood Realty is pleased to present Douglas Road Apartments, two adjacent apartment buildings on the boundary of Coral Gables and Little Havana. This four-unit building must be purchased together with the fourplex next door. The combined property holds a mix of three (3) efficiency units, four (4) one-bedroom units and one (1) two-bedroom unit. T5-O zoning allows for development or short-term rentals. Current rents are under market and may be increased. Please refer to the Offering Memorandum attached for more information. (Rent roll may not be up to date).
NOTE: this property is part of a portfolio and must be purchased together with the fourplex next door on 1109 SW 37th Ave. Current combined list price is $1,820,000. Do not disturb tenants.
Public Record 1
Public Record 2
Sale Date
Sold Price
Buyer Borrower 1 Corp Indicator
Buyer Borrower 1 Name
Buyer Borrower 1 Ownership Rights Code
Buyer Borrower 2 Corp Indicator
Buyer Borrower 2 Name
Document Number
Document Type
Recording Book
Recording Page
Resale Flag
Sales Price Code
Seller 1 Corp Indicator
Transaction Type
Seller 1 Name
Transfer Tax
Sold By
Sold To
Property Type
Property Type
Property Subtype
Asking Details
Asking Cap Rate
Marketing Description
Verawood Realty is pleased to present Douglas Road Apartments, two adjacent apartment buildings on the boundary of Coral Gables and Little Havana. The opportunity consists of two four-unit buildings with a mix of three (3) efficiency units, four (4) one-bedroom units and one (1) two-bedroom unit. The property offers significant upside potential to increase rents and occupancy.
The property is zoned T5-O which consists of higher density mixed-use building types that accommodate retail and office uses, townhouses and apartments, and 5 stories maximum height. The new owner could redevelop the property in the future.
With Little Havana, Downtown Coral Gables and the Douglas Road corridor experiencing fast growth, this location is very desirable.
Investment Highlights
Upside Rental Potential
- Douglas Road Apartments is an 8-unit multifamily property in a privileged location next to Coral Gables, one of the more affluent in Miami-Dade County. Rents can be increased to satisfy the demand for people moving to the area.
- Rents are currently under market rate and could be increased by 20%+.
- Potential income increase through operational improvements
- Only five units are paying rent. The landlord is not charging rent on two units and one unit is being used for personal storage. The new owner can lease-up these units at market rate.
- All units have new electrical
- Some units have new appliances and bathrooms remodeled
- Landlord currently pays for water
- Electric is individually metered
- T5-O zoning allows for up to 5 stories as of right
- Potential to redevelop the property in the future
Property Type
Property Type
Property Subtype
Asking Details
Asking Cap Rate
Marketing Description
Multifamily
Loan History
Financial History
****** Data
Net Operating Income
Reporting Date
Tax History
Contact Information
These phone numbers and email addresses are checked against the litigator and TCPA lists. Report an error
Ownership Information
Zoning
T5-O MixedMixed UseUrban Center Transect Open
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 49 uses
View all 49 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
Contacts
Sold: Multi APN Sale on
BY:
Jorge Mata
•••.•••.7280
•••••.mata@••••••••••••••••••.com
Map
Comparable Properties
Does any data look off? Help us improve Crexi by offering your feedback!
