Price reduced
Photo 1 of 33$1,975,000
For sale23 Majorca Ave, Coral Gables FL 33134
8 beds4 baths4,200 sq ftBuilt 1949MLS# A12103363
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About this property
Rare Coral Gables fourplex with two paths to value. Hold it as a stabilized income-producing asset, or convert it to a single-family estate in one of the Gables’ most sought-after residential pockets. 5,640 SF lot on a tree-lined street, minutes from Miracle Mile, Downtown Coral Gables, the University of Miami, and Merrick Park. Four separate units 2-Bedroom / 1- Bath, Fully leased for a year. The Gables’ strict single-family premiums, limited supply, and lasting demand make this one of the few chances to buy here with an income cushion while you plan the conversion. Buyer to verify zoning, permitting, and conversion feasibility with the City of Coral Gables. Tenant-occupied; showings by appointment with notice. Rent roll and OM available on request.
Property details
- Property type
- Single family
- Year built
- 1949
- Living area
- 4,200 sq ft
- Price per sq ft
- $470
- Property taxes
- $21,045/yr
- Floors in building
- 2
- Building / community
- Coral Gables Sec L
- Status
- For sale
- MLS #
- A12103363
Location
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