1627 SW 37th Ave APT CU-1, Miami, Florida, United States, 33145
499,900
for Sale
1,107
About the property:
Coral Gables prime retail/office condo with over 1,100 SF on Douglas Rd (SW 37 Ave, east side) near SW 16 St. Seller may finance. Mint condition interior with a spacious private inside restroom and a secure storage/coat closet. Bright, efficient layout ideal for professional/medical/creative uses. Central A/C, low operating costs, and well-kept common areas. Currently leased until December 2026 to an excellent tenant—delivering a gross annual income of $45,084 with very low expenses and zero management efforts required. Offered at an attractive 6% CAP rate with annual increases, ensuring consistent upside for investors. High visibility and easy access to Coral Gables, Brickell, Airport, and major corridors. Solid performer for investors seeking stable, hassle-free cash flow in a blue-chip location! Flexible parking options available. Owners only may rent 1–2 dedicated parking spaces (subject to availability). Convenient guest parking accommodates up to 3 client vehicles only at a time. Additional 20-minute parking is located directly in front of the unit, with ample metered and street parking available across the street!!
- Property Type:
- Commercial/Residential Income
- Status:
- for Sale
- Heating Type:
- 0
- Is Condo:
- Yes
- Is I C I:
- Yes
- Is Medical:
- Yes
- Is Office:
- Yes
- Is Parking:
- Yes
- Is Retail:
- Yes
- Is Storage:
- Yes
- Is Spa:
- Yes
- Is Unit:
- Yes
- Listing ID:
- A12028876
Rooms
Dimensions
Brokered by:
Mj Estates, Inc.
Presented By: